Insolvency and Restructuring Manual

“…a comprehensive, well-structured guide for those dealing with insolvency and restructuring aspects on a regular basis.” German-British Chamber of Industry & Commerce*This manual examines the main formal processes involved in the world of corporate insolvency and restructuring such as liquidation, administration, receivership, company voluntary arrangements and schemes of arrangement. The Fourth Edition covers:- The 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 regulations concerning disposals by an administrator to connected persons- The Supreme Court decision in BTI 2014 LLC vSequana S.A. and others clarifying when directors have a duty to creditors rather than shareholders- The legislative changes accompanying Brexit and other important developments in case law relating to cross-border matters- The use of special managers in complex compulsory liquidations as seen in the cases of Carillion, British Steel and Thomas Cook- The Pensions Schemes Act 2021 and its impact on the restructuring landscapeThis is an indispensable reference source for experienced practitioners and offers junior professionals, company directors and company secretaries a valuable introduction to the subject. *Review of a previous editionThis title is included in Bloomsbury Professional's Insolvency Law online service.

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 relating to cross-border matters - The provisions of the Finance Act 2020 which restored the status of HMRC as a preferential creditor- The use of special managers in complex compulsory liquidations as seen, for example, in the cases of Carillion, British Steel and Thomas Cook- The Pensions Schemes Act 2021 and its possible impact on the restructuring landscape- The protocol on, and use of, ''rescue administration''Ease-of-reading is provided by bullet-pointed and highlighted text, flowcharts and tables.Insolvency and Restructuring Manual is an indispensable reference source for experienced practitioners and offers junior professionals, company directors and company secretaries a valuable first introduction to the subject.