Beware! Phoenix legislation may extend beyond “scoundrel” directors to frustrating finance/restructuring projects

Beware! Phoenix legislation may extend beyond “scoundrel” directors to frustrating finance/restructuring projects

JIBFL April 2016 CoverThis article examines what is meant by phoenixing and the provisions – ss 216 and 217 of the Insolvency Act 1986 (IA86) – which are designed to curb this practice, together with how any director who might be caught may be able to a

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About the author:

Neeta has been working as a paralegal in Banking and Insolvency for the past 4 and a half years.

She started her legal career at Allen & Overy in 2008 in the midst of the global financial crisis and the collapse of Lehmans where she gained most of her experience.

Neeta also did a short stint in litigation at the Revenue and Customs Prosecutions Office. Neeta graduated with a 2:1 honours degree from University of London, Queen Mary College and went on to obtain a distinction from the College of Law in the Legal Practice Course. She moved to Lexis®PSL in April 2013.