Corporate Insolvency Law

This 'one-stop' introduction to corporate insolvency law and practice is based on the classic text Pennington's Corporate Insolvency Law, 2nd Edition.

The book has been updated and expanded to cover current issues of great importance such as the legal implications of insolvency on company directors, and restructuring and rescue options. This text addresses the growing cross-border corporate activity and the impact of insolvency upon it.

Corporate Insolvency Law deals with the provisions of the new set of Insolvency Rules, which replace the 1986 Rules. It also incorporates all amendments to the Insolvency Act 1986, those provisions of the Companies Act 2006 pertinent to corporate insolvency, the EC Regulation on Insolvency Proceedings, the Cross Border Insolvency Regulations, the Financial Collateral Arrangements Regulations, and the Transfer of Undertakings (Protection of Employment) Regulations.

A systematic and detailed exposition of the law, this new book fills the gap for a general and practical work serving practitioners who are new to the field or who require a handy reference, and students of insolvency law.

Part I - Introduction
1. Insolvency Legislation and Insolvency Proceedings
2. Insolvency Institutions and Actors
Part II - Winding Up
3. Winding Up of Companies by the Court
4. Voluntary Winding Up
5. The Conduct of Liquidations
6. Assets of a Company in Liquidation
7. The Application and Distribution of the Assets of a Company in Liquidation
Part III - Rescue and Restructuring
8. Introduction
9. Administration: Entry and Effects
10. The Conduct of an Administration
11. Pre-Packaged Administration
12. Company Voluntary Arrangements
13. Companies Act Schemes of Arrangement
Part IV - Secured Creditor Remedies
14. Administrative Receivership
15. Other Formats of Receivership
Part V - The Insolvency of Corporate Groups
16. Description of the Particular Exingencies Associated with the Insolvency of a Corporate Group
Part VI - Managing and Dealing with Financially Troubled Companies
17. Directors' Liability
18. Transaction Avoidance
Part VII - Insolvency and the Public Interest
19. Directors' Disqualification
20. Criminal Prosecutions
Part VIII - Cross Border Insolvency
21. The Jurisdiction of the English Courts in Realtion to the Insolvency of Foreign-Incorporated Companies
22. Recognition and Assistance for Foregin Insolvency Proceedings and Officer Holders