Principles of corporate insolvency law. The winding-up process. Winding-up: assets available for distribution. Ranking, proof and valuation of claims on winding-up. Netting and set-off in insolvency. Receivership. Reorganisation of insolvent companies. Avoidance of transactions in winding-up or administration. Improper trading and the duties and liabilities of directors. Cross-border insolvency.