Should you choose a formal insolvency or would a restructuring be more appropriate for a company’s final steps? Insolvency and Restructuring Manual (4th Ed) guides you through the considerations and steps in each avenue, examining the main formal processes including liquidation, administration, receivership, company voluntary arrangements and schemes of arrangement.The new Fourth Edition covers:- The new Part 26A scheme of arrangement (or “restructuring plan”), standalone moratorium and provisions for the protection of supplies introduced by the Corporate Insolvency and Governance Act 2020- The forthcoming regulations concerning disposals by an administrator to connected persons- The Supreme Court decision in Sequana S.A. v BAT Industries Plc and others clarifying, among other things, when directors have a duty to creditors rather than shareholders- The legislative changes accompanying Brexit, their impact on cross-border matters and other important developments in case law
Having gone through an accelerated parliamentary process, the Corporate Insolvency and Governance Act 2020 came into force on 26 June, 2020 having been given Royal Assent on the 25 June, 2020. It intr
