INSOLVENCY & RESTRUCTURING MAN

3rd Auflage
ISBN: 978-1-5265-0224-7
Verlag: BLOOMSBURY PROFESSIONAL

Buch, Englisch, 360 Seiten, Paperback, Format (B × H): 156 mm x 248 mm, Gewicht: 580 g

Insolvency and Restructuring Manual examines the main formal processes involved in the world of corporate insolvency and restructuring such as liquidation, administration, receivership, company voluntary arrangements and schemes of arrangement.

Distinctly practical in style Insolvency and Restructuring Manual utilises bullet pointed and highlighted text, flowcharts, tables and other schematics to explain and compare the main procedures and remedies available in this complex area of law.

The book begins by dealing with insolvency principles and processes, as it is necessary to know the effects of a formal insolvency in order then to consider restructuring as an alternative. As there are concerns specific to Directors of insolvent companies there is a chapter dealing with these. The special rights and remedies of creditors - not only secured creditors, but also landlords, employees, pensions-related creditors and retention of title creditors - are examined. A variety of additional considerations involved in a restructuring are then highlighted. Finally, given the increasingly global nature of many groups' businesses, cross-border considerations that may apply are covered.

Fully revised and updated the new 3rd edition includes:

- The new Insolvency Rules 2016 (coming into force 6 April, 2017), which are designed to modernise the legislation and incorporate various changes to the law since the rules were last drafted
- The Recast EU Regulation on Insolvency 2015/848 - key changes include the new definition of centre of main interests (COMI) and the introduction of group coordination proceedings.
- The Small Business, Enterprise and Employment Act 2015 - including the power for an administrator to bring wrongful/fraudulent trading actions, compensation orders/undertakings against disqualified directors and the changes to the rules regarding reporting and meetings by office holders
- The creation of the "pre-pack" pool in relation to pre-pack sales to connected parties
- Developments in relation to schemes of arrangement, including the use of schemes by non-UK companies and the progression of the law in this respect, for example in the cases of Van Gansewinkel Groep BV, MagyarTelecom B.V., Apcoa Parking Holdings GmbH and Codere Finance (UK) Ltd
- The Lehman Brothers "waterfall" decisions relating to ranking of and proving for certain types of debts
- The "Game Station" decision in relation to the ranking of rental payments as an administration expense and what liabilities constitute administration expenses

Insolvency and Restructuring Manual is an indispensable reference source for experienced practitioners and offers junior professionals, company directors and company secretaries a valuable first introduction to the subject.

Autoren/Hrsg.

Beale, Simon

Keddie, Paul

Fachgebiete

• Rechtswissenschaften Ausländisches Recht Common Law (UK, USA, Australien u.a.)

Inhaltsverzeichnis

Chapter 1: What are insolvency and restructuring
Chapter 2: Who gets what?
Chapter 3: Liquidation
Chapter 4: Administration
Chapter 5: Antecedent transactions
Chapter 6: Position of directors
Chapter 7: CVAs and Schemes of Arrangement
Chapter 8: Secured creditors
Chapter 9: Other special types of creditor
Chapter 10: Restructuring
Chapter 11: Cross-border issues

Über Autor(innen)

Beale, Simon
Simon Beale is the Head of the insolvency practice at Mcfarlanes. He has more than 22 years' experience of advising on corporate restructuring and recovery issues.

Simon acts for troubled companies, their directors and shareholders and for the major financial creditors of such entities. His clients also include distressed debt investors, insolvency officeholders and a variety of other parties with an interest, or potential interest, in the troubled company's business.

Simon is the co-author of the Insolvency and Restructuring Manual published by Bloomsbury Professional.

Keddie, Paul
Paul Keddie is Senior Counsel at Macfarlanes. Paul advises on a broad range of corporate restructuring and recovery issues.His clients include companies in financial difficulties, their directors and shareholders, insolvency practitioners appointed over such companies, lenders to and other major creditors of troubled entities, investors interested in a "loan-to-own" strategy and buyers of businesses where there is an insolvency aspect.
Paul's experience also includes a recent secondment at Warwick Capital Partners LLP. Paul is a qualified insolvency practitioner, having passed the Joint Insolvency Examination Board examinations in 2013.
Paul is the co-author of the Insolvency and Restructuring Manual, 3rd Edition, published by Bloomsbury Professional Ltd, 2018 and the "Directors and Insolvency: Dangers and Duties" and "England" chapters of The International Comparative Legal Guide to: Corporate Recovery & Insolvency 2019.

Simon Beale is the head of the Insolvency practice at McFarlanes. He advises on a broad range of corporate restructuring and recovery issues. His clients have included companies in financial difficulties, their directors and shareholders, insolvency practitioners appointed over such companies, lenders to and other major creditors of troubled entities, investors interested in a "loan to own" strategy and buyers of businesses where there is an insolvency aspect. The UK Legal 500 2014 recommended Simon for corporate restructuring and insolvency.
Paul Keddie is a senior solicitor and insolvency practitioner at McFarlanes. He advises on a broad range of corporate restructuring and recovery issues. His clients include companies in financial difficulties, their directors and shareholders, insolvency practitioners appointed over such companies, lenders to and other major creditors of troubled entities, investors interested in a "loan-to-own" strategy and buyers of businesses where there is an insolvency aspect.