Trading with an insolvent company

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What is the definition of body corporate as used in s 1159 of the Companies Act 2006?Section 1159 of the Companies Act 2006 (CA 2006), for the...
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Authorised share capital—continued relevanceThe allotment of shares is governed by the Companies Act 2006 (CA 2006). The requirements that apply...
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Produced in partnership with Glafkos Tombolis 19th May
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Private companies limited by sharesWhat is a private company limited by shares?A private company limited by shares is a legal entity which is separate...
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Directors’ decision-making—written resolutions and decisions by sole directorsThis Practice Note outlines the written resolution method directors may...
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Disclosure Guidance and Transparency Rules trackerLast updated March 2021Tracker overviewThis Disclosure Guidance and Transparency Rules (DTR) tracker...
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Tailoring a shelf companyA person wishing to set up a new company has the following options:•they can incorporate a new company in accordance with the...
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The Transparency DirectiveThis Practice Note provides an overview of the implementation of and key changes introduced by the EU Transparency Directive...
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Produced in partnership with Mr Darragh Connell of Forum Chambers 19th May
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Alternate directorsThis Practice Note considers the appointment and removal of alternate directors, their status, powers, duties and liabilities and...
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19th May
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Sub-division and consolidation of sharesIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period...
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Directors’ responsibilities statements—company accountsA company's annual report and accounts will often include an appropriate description of...
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19th May
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Drafting and negotiating ancillary documents in a share purchase transactionThis Practice Note is part of the Share purchase transaction toolkit.In...
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19th May
Practice notes
Substantial property transactions—requirement to obtain members’ approvalThe Companies Act 2006 (CA 2006) contains provisions that restrict and...
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Is it possible to make a manuscript amendment to the consideration clause of a stock transfer form after signature?The correct process to be followed...
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Precedents
Project [insert project name]Prepared for [Insert addressee name][Insert date of report]INDEXReportA. IntroductionB. Executive summaryC. Detailed...
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19th May

Most recent Trading with an insolvent company content

Practice notes
Glossary of restructuring and insolvency termsThis glossary explains many of the terms commonly used in the restructuring & insolvency market. Terms...
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15th Jun
Q&As
In many asset sales the apportionment of the business' sale price apportions £1.00 to the business' lease, why is this and how is this apportionment...
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6th Jun
Practice notes
Buying a business from an insolvency practitionerBuying the business and/or assets of a company from an insolvency practitioner (insolvent sale) is...
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5th Jun
Practice notes
Tips on trading with a company in an insolvent processBackgroundThis Practice Note gives some guidance on trading with a company that is in a formal...
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5th Jun
Practice notes
Private Equity guide to acquiring and managing distressed portfolio companiesSTOP PRESS: The Corporate Insolvency and Governance Act 2020 (CIGA 2020)...
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5th Jun
Practice notes
Antecedent transaction claims by an office-holder in liquidation or administrationGeneral duty of liquidators and administrators where there has been...
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5th Jun
Practice notes
What are the risks of accepting payment from a company that is likely to enter into a formal insolvency process and what can be done to mitigate those...
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5th Jun
Practice notes
A creditor’s guide to dealing with a company in financial difficultySTOP PRESS: The Corporate Insolvency and Governance Act (CIGA 2020) is in force...
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5th Jun
Practice notes
Shareholder’s guide to dealing with a company in financial difficultiesSTOP PRESS: The Corporate Insolvency and Governance Act (CIGA 2020) is in force...
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5th Jun
Practice notes
Rescue buyoutsWhat is a rescue buyout?A company or a business in a rescue situation is one that is in potential financial difficulties, either because...
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5th Jun

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