Commentary

165 The significance of the Insolvency Act 1986 for the equity investor

COMPANIES vol 11 acquisitions, mergers, demergers
| Commentary

165 The significance of the Insolvency Act 1986 for the equity investor

| Commentary

165 The significance of the Insolvency Act 1986 for the equity investor

The provisions of the Insolvency Act 1986 relating to transactions at an undervalue, preferences, extortionate credit transactions and avoidance of floating charges all apply where a company has gone into liquidation, but not necessarily insolvent liquidation. Each would have to be borne in mind not only when the initial investment is made by the venture or development capital fund and loan facilities and security are being organised, but also where assets are being transferred from one company to another as part of a restructuring or rescue operation. In

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