Sale and purchase of assets

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Sale and purchase of assets guidance:

APPLICATION NOTICE Form IAA Rule 1.35 of the Insolvency (England and Wales) Rules 2016 Court Reference No. [insert number] [IN THE HIGH COURT OF JUSTICE BUSINESS AND...

Precedents

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Notes:...

Precedents

This Agreement is made on [insert day and month] 20[insert year] Parties 1 [Insert name of company in administration/liquidation] (in [administration OR liquidation]) a...

Precedents

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

The charities sector in the UK is significant in size. There is a wide range of pension provision across the sector. Many charities are facing financial pressures as a...

Practice Note

Dated the [insert day and month] 20[insert year] Parties 1 [name of Lender] a company incorporated in [England and Wales] under number [insert company number] whose...

Precedents

Date [insert date of surrender] Parties 1 [insert name of Landlord] [of [insert address] OR incorporated in England and Wales with company registration number [insert...

Precedents

Signed by [insert name of administrator] without personal liability.................................................[signature of individual]

Precedents

Deed executed by administrator in the presence of a witness Executed as a deed on behalf of [insert name of Administrator(s)] without personal liability in the presence...

Precedents

Option 1—contract signed by administrator on behalf of the company Signed by [insert name of administrator], administrator (without personal liability), for and on behalf...

Precedents

Option 1—deed executed by administrator under the company’s common seal Executed as a deed by affixing the common seal of[insert name of company] (in administration)...

Precedents

FAQs for Insolvency Practitioners These FAQs were drafted by Allison Broad at the Institute of Chartered Accountants in England and Wales (ICAEW) with contributions from...

Practice Note

This Practice Note forms part of a set of Practice Notes on airline insolvency, for further information, see Practice Notes: • Guide to airline insolvency—introduction •...

Practice Note

Introduction to the airline industry The purpose of this Practice Note is to provide an overview of some of the key features of airline insolvencies in England and Wales...

Practice Note

This Practice Note is a guide to insolvency in PFI/PF2 projects. The aim of this Practice Note is to provide restructuring and insolvency practitioners with an overview...

Practice Note

This Practice Note looks at the structure and funding of farming businesses, the types of security that can be granted by them and enforcement options available to...

Practice Note

This Practice Note gives guidance on taking enforcement action in the care home industry. It includes insight into common care home ownership structures and ways to...

Practice Note

This Practice Note considers common issues that may arise out of insolvency in the construction industry. It considers the effect and relevance of adjudication as a...

Practice Note

The hotels sector has suffered in the recession. As an asset class, hotels are capital intensive operations. They are also susceptible to volatile economic conditions, as...

Practice Note

Despite record levels of profit being reported by a number of professional services firms in the UK in recent years, there have also been some notable examples of firms...

Practice Note

This Practice Note provides a brief summary of the retail landscape and highlights some of the key legal and practical issues facing office-holders appointed over a...

Practice Note

Insolvency in the sports industry—overview The sports sector has seen a number of high-profile insolvencies since 2010, including the administration of Force India,...

Practice Note

Introduction to common participants in the market The oil and gas industry is a significant contributor to the UK economy: • it supports around 375,000 jobs (both...

Practice Note

The position of an employee on a company's insolvency The general rule is that a contract of employment is between the employer and the employee. This means that due to...

Practice Note

The starting point: what intellectual property rights does the company own? For further detail on the main types of intellectual property rights which an insolvency...

Practice Note

What is the Local Government Pension Scheme? The main pension scheme for local authorities is the Local Government Pension Scheme (LGPS). The LGPS is a statutory, public...

Practice Note

Sector trends, composition and challenges The number of insolvencies in the food industry is increasing. The increase stems from changes in the environment and lower...

Practice Note

Background Life sciences industry—an overview The life sciences industry is made up of a diverse range of players and interested parties from small biotech companies spun...

Practice Note

To be typed on [Name of company in administration] (in administration) Headed paper To: [Insert name(s) and address and company number (if relevant) of entity who you are...

Precedents

What is the GDPR? The General Data Protection Regulation (GDPR), in force from 25 May 2018, replaces the Data Protection Act 1998 (DPA 1998) and, at least for the time...

Practice Note