Comparison table of corporate insolvency processes for dispute resolution practitioners
Comparison table of corporate insolvency processes for dispute resolution practitioners

The following Restructuring & Insolvency guidance note provides comprehensive and up to date legal information covering:

  • Comparison table of corporate insolvency processes for dispute resolution practitioners
  • Note

This Practice Note refers to the Insolvency Act 1986 as IA 1986.

Note

This table provides a summary of the key corporate insolvency processes from a dispute resolution perspective.

Name of process Nature of process and parties involved Effect on court proceedings
Administration. See Practice Note: Corporate insolvency for dispute resolution practitioners: administration Short term measure for a company in financial difficulty. Aim is to give administrator time to see if company can be saved, or restructured or if a better result could be achieved than if the company is wound up. The administrator can be appointed out of court by a qualifying floating charge holder, the company's directors or the company itself, or by court order (administration order). Administration can be combined with other processes such as a company voluntary arrangement (CVA) or scheme of arrangement. Once a company enters into administration there is a moratorium on court proceedings and legal processes (which is fairly wide and includes proceedings, execution and distress). This applies to existing and new proceedings, which can only be continued or commenced with the permission of the court or the