| Commentary

158 Introduction

| Commentary

5: INSOLVENCY ISSUES

158 Introduction

Given the risks associated with investing, various provisions of the Insolvency Act 1986 need to be taken into account when an institutional investor is considering making an investment in a company or is in the process of supervising an existing investment1. Broadly speaking, these provisions can be divided into two categories:

  1. 158.1

        those which are designed to encourage insolvent or potentially insolvent businesses to be closed down quickly before the values of assets are eroded and whilst creditors can still be paid something, and which basically work by imposing personal liability on

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