Insolvency in the commercial world is becoming more common and the failure of many high-profile business brands has been well-documented. Sadly, the economic uncertainty does not look like slowing down, so the particular challenges faced by commercial practitioners in this area are very real.
This course, presented by experienced solicitor and licensed insolvency practitioner Stephen Allinson, is tailored specifically for the commercial lawyer who may have been asked to advise on one of the many legal areas where insolvency can impinge. The emphasis throughout this course will be on practical solutions and it will also bring you up to date with the latest case law and practice and the proposed legislative and other reforms that are currently being discussed.
What you will learn:
Types of corporate insolvency and the differences: liquidation, receivership, administration and Company Voluntary Arrangements. Practice and procedure discussed and analysed
Powers and duties of the liquidator/administrator/receiver – and why appoint at all? Why consider a Company Voluntary Arrangement?
Buying from the liquidator/administrator/receiver in a commercial transaction: what should you ask for surrounding their appointment, and what would you expect in a sale agreement?
Advising directors facing insolvency: practical tips and areas to watch
Post-insolvency transactional recovery: the wide powers of the insolvency practitioner considered
On the horizon: corporate governance reform and related topics