Rescuing companies depends on the operation of Administration Orders and Corporate Voluntary Arrangements. Both procedures were introduced as part of the revised Companies and Insolvency legislation of 1985/86 and were soon put to the test by the downturn in economic conditions and the number of failed businesses. This is a specialist text dealing with current practice and procedure involved in rescuing insolvent companies. It includes relevant comparative material relating to practice in Europe, USA, Australia, Canada and South Africa. The author examines all formal rescue procedures, focusing specifically on the role of banks, financial institutions and insurance companies together with international and cross-border issues.
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Höhe: 250 mm
Breite: 178 mm
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ISBN-13
978-0-471-95237-4 (9780471952374)
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Schweitzer Klassifikation
PART I ADMINISTRATION ORDERS: Overview, Formal Corporate Reconstruction Procedures in England and Wales; Initiation of Administration; The Financial World; The Petition; The Order; The Administrator as Office-Holder - Powers and Duties; Practical Aspects of Conduct of Administration; Inter-Party Relationships Termination; PART 2 CORPORATE VOLUNTARY ARRANGEMENTS: Overview; Section 425 Companies Act 1985 and Other Routes for Schemes of Arrangement; Procedure; Role of Nominee/Supervisor; The Proposal; Reports and Meetings; Effect on Parties; Duties and Powers; Termination; PART 3 INTERNATIONAL RESCUE PROCEDURES; Europe; United States; Australia; Canada; South Africa; Cross-Border and Jurisdictional Aspects of UK Rescues; The Future of Insolvency Rescues.
