Corporate Rescue

This new work provides a practical and user-friendly guide to the rescue of insolvent companies and businesses. It is structured around the roles of Insolvency Practitioners, Administrators and Company Voluntary Arrangement (CVA) Supervisors, offering guidance on appointment procedures and requirements, the nature of the roles, capacity, powers and duties, and gives clear advice on fulfilling the purpose of the role. It also covers relevant payments, distributions, remuneration, termination and tax.

Contents:
I. Introduction: Overview of relevant procedures.
Identification of recent reforms and their impact.
II. Administration: Commencement of proceedings, requirements, objectives and processes.
Link with administrative receivership. Notice.
Publicity requirements.
Conduct of proceedings - the roles of the IP, the courts and creditors.
Implications of the administration - impact on debtor and creditor.
Obligations and entitlements of the IP.
Insolvency litigation.
Exit from proceedings.
Case studies.
III. Company voluntary arrangement: Commencement of proceedings, requirements, objectives and processes.
Conduct of proceedings - the roles of the IP, the courts and creditors.
Meetings.
Implementation of the proposal.
Obligations and entitlements of the IP.
Exit from proceedings.
Case studies.
IV. Other procedures: Administrative receivership.
Scheme of arrangement.
V. Conflict of laws issues: Outline of global context.
EU Regulation on Insolvency Proceedings.
UNCITRAL Model Law.
Common law