Insolvency Practitioner in UK Law
Leading Cases
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Re Hellas Telecommunications (Luxembourg) II SCA
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At the other end of the spectrum it may be that it is obvious that a particular pre-pack is on the evidence the only real way forward, in which case the court could give the administrators liberty to enter into the pre-pack, leaving open the possibility that a sufficiently aggrieved creditor could nevertheless challenge the administrator's decision ex post facto.
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Independent Insurance Company Ltd (in provisional liq) (No 2)
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I also consider that Mr. Batten's allusion to the firm's profitability has the potential to introduce a false element into the calculation. In fixing the remuneration of an office holder the court is concerned not with the profitability of the office holder's firm but with the value provided by the office holder in the form of the services of himself and his staff.
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Legislation
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The Insolvency (England and Wales) Rules 2016
...... “fees estimate” means a written estimate that specifies— . (a) details of the work the insolvency practitioner (“the IP”) and the IP's staff propose to undertake; . (b) the hourly rate or rates the IP and the IP's staff propose to charge for each part of ......
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Deregulation Act 2015
......2009/663. ), omit regulation 3. Companies and insolvency Companies and insolvency . S-17 . Authorisation of insolvency ers 17 Authorisation of insolvency practitioners . (1) Part 13 of the Insolvency Act 1986 (insolvency practitioners and ......
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Insolvency Rules 1986
....... 1.11. Summoning of meetings under s.3. . CHAPTER 4 . PROPOSAL BY ADMINISTRATOR OR LIQUIDATOR (ANOTHER INSOLVENCY PRACTITIONER THE NOMINEE) . 1.12. Preparation of proposal and notice to nominee. . CHAPTER 5 . PROCEEDINGS ON A PROPOSAL MADE BY THE DIRECTORS, OR BY THE ......
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Corporate Insolvency and Governance Act 2020
......practitioner; . “unable to pay its debts”—(a) in relation to a registered company, has the same meaning as in Part 4 (see section 123);(b) in relation to ......
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Books & Journal Articles
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Insolvency judges meet strategic behaviour: A comparative empirical study
This article reports the results of a comparative empirical legal study that analyzed (1) strategic behaviour by actors in insolvencies that is salient to insolvency judges and (2) how insolvency j........., namely Italy, the Netherlands, Poland, and Portugal, the study reveals how differences regarding case allocation, judge – insolvency practitioner (IP) interaction, and remuneration and case financing can result in strategic behaviour on both the side of the judges and the IPs. From this, it ......
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Criminal Liability under the Insolvency Act 1986
...... Insolvency practitioners The term “insolvency practitioner” is used in the LA. to describe a person who is authorised to act in ......
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Are you an Unwitting Victim of Insolvency?
Victims of insolvency are not just those provided for in the legislation. This paper explores just who are the victims of insolvency and what their statutory remedies are....... due up to a maximum of £800 gross of tax for the period of four months next before the date of the appointment of the insol-vency practitioner. Moreover, there is a duty on employ-ees to mitigate their loss and therefore the preferential element of employees' claims as a result of the ......
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8 ways to ... improve working capital.
......John Alexander, an insolvency practitioner and partner at accounting firm Carter Backer Winter, says ......
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Law Firm Commentaries
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Pension Protection Fund – new guidance on Insolvency Practitioner fees
The UK’s Pension Protection Fund (PPF) is about to publish new guidelines to reflect their increased focus on the approval of Insolvency Practitioner’s (IPs) fees. The guidelines require IPs to pro...
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New Look and Regis from a UK Insolvency Practitioner’s Perspective
In our second alert in the series we consider the key takeaways for UK insolvency practitioners following the CVA challenges in New Look and Regis. Our alert considers the following: Nominee’s dut...
- Brave New World: What Every Commercial Practitioner Needs To Know About The New Corporate Insolvency Law
- Brave New World: What Every Commercial Practitioner Needs To Know About The New Corporate Insolvency Law - Jeremy Richmond QC, Nicola Allsop & Emily Saunderson
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Forms
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Chapter CISR31080
......When a contractor becomes insolvent an insolvency signal is set on the EBS record which feeds through to the contractor’s ... to operate the business as a going concern, the insolvency practitioner might use subcontractors. If this happens a new contractor scheme will ......
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Chapter IDG40640
.... . . Generally upon an insolvency the directors will cease to have any powers in relation to the company and these powers will vest in the insolvency practitioner. However in certain situations, for example an administrative ......
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Chapter CISR18160
......For a contract entered into by the subcontractor before insolvency, any payment made after the insolvency event may be made to a. trustee ... follows that a contractor who makes payment to an insolvency practitioner in respect ofa contract entered into prior to insolvency is. not ......
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Chapter CTM97750
...... it is a company in relation to which a person is acting as an insolvency practitioner. For this purpose an insolvency practitioner means a ......
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