Trading with an insolvent company

Trading with an insolvent company guidance:

This note aims to: • provide practical guidance to creditors owed money by a distressed/insolvent company • explain the position of creditors in most types of corporate...

Practice Note

General duty of liquidators and administrators where there has been an unlawful transaction If, during the course of a liquidator's or administrator's investigations into...

Practice Note

Buying the business and/or assets of a company from an insolvency practitioner (insolvent sale) is quite different from buying the business and/or assets of a company...

Practice Note

Duties of a director The purpose of this Practice Note is to: • set out what additional duties arise for directors when the company is insolvent (or is verging on...

Practice Note

This note aims to: • provide practical guidance to PE firms (and other funds) looking to acquire a distressed/insolvent company • provide practical guidance to PE firms...

Practice Note

What is a rescue buyout? A company or a business in a rescue situation is one that is in potential financial difficulties, either because it finds itself: • unable to pay...

Practice Note

A AdministrationAn insolvency process whereby an insolvency practitioner is appointed with the aim of achieving one of the statutory objectives, where the administrator...

Practice Note

This note aims to: • provide practical guidance to shareholders of a distressed/insolvent company • explain the position of shareholders in most types of corporate...

Practice Note

Background This Practice Note gives some guidance on trading with a company that is in a formal insolvency process, such as administration or liquidation of a company...

Practice Note

Unlawful payments—general position When a company enters into liquidation or administration, certain transactions entered into by the company prior to the opening of the...

Practice Note