Alex Wheeler describes the main changes to be introduced by the corporate insolvency provisions of the Enterprise Act 2002, due to be implemented in September 2003
Alex Wheeler describes the main changes to be introduced by the corporate insolvency provisions of the Enterprise Act 2002 due to be implemented in September 2003
Administration procedures will be changed and streamlined in line with the removal of the right to appoint an administrative receiver in many cases. There will be various exemptions to the new regime under which it will still be possible to appoint an administrative receiver. The abolition of Crown preference is to be accompanied by the creation of a new dividend pool for unsecured creditors.
The Enterprise Act 2002 (the 'Act') received Royal Assent on 7 November...
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Alex Wheeler describes the main changes to be introduced by the corporate insolvency provisions of the Enterprise Act 2002, due to be implemented in September 2003
Alex Wheeler describes the main changes to be introduced by the corporate insolvency provisions of the Enterprise Act 2002 due to be implemented in September 2003
Administration procedures will be changed and streamlined in line with the removal of the right to appoint an administrative receiver in many cases. There will be various exemptions to the new regime under which it will still be possible to appoint an administrative receiver. The abolition of Crown preference is to be accompanied by the creation of a new dividend pool for unsecured creditors.
The Enterprise Act 2002 (the 'Act') received Royal Assent on 7 November...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
