The following Restructuring & Insolvency practice note provides comprehensive and up to date legal information covering:
This Practice Note will cover:
the purpose of administration
who can apply for a court-appointed administrator, and in what circumstances
For details on the procedure for court administration appointments and what documents are required, see Practice Note: Court appointments of administrators—the procedure.
This content contains guidance on subjects impacted by the Coronavirus Act 2020 and related changes to court procedures and processes as a result of the Coronavirus (COVID-19) pandemic. For further information, see Practice Note: Coronavirus (COVID-19)—Changes to the court process in insolvency proceedings. For related news, guidance and other resources to assist practitioners working on restructuring and insolvency matters, see: Coronavirus (COVID-19)—Restructuring & Insolvency—overview.
The administration process is impacted by legislation enacted to support the UK leaving the EU. This Practice Note has been updated to reflect the amendments to the Insolvency Act 1986 (IA 1986) and the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024 by the Insolvency (Amendment) (EU Exit) Regulations 2019, SI 2019/146. For further reading, see Practice Note: Brexit—impact on administration and Overview: Brexit: Restructuring & Insolvency. For updated appointment forms for use after IP completion day (defined as 11pm on 31 December 2020), see News Analysis: Brexit—administration appointment forms for use following IP completion day.
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