Preface

AuthorElspeth Berry/Rebecca Parry
Pages5-6

Preface

The law of insolvency is notorious among practitioners and academics as an area of considerable legislative complexity, in part because many amendments have been made to the legislation over the years without a consolidating Act. The application of this law to partnerships and limited liability partnerships (LLPs) has added further complexity, with the legislative frameworks for both liquidation and bankruptcy being modified to the extent of providing entirely new procedures for partnerships, and the Insolvent Partnerships Order 1994 (IPO) and the Limited Liability Partnerships Regulations 2001 (LLP Regulations 2001) variously applying, disapplying and modifying the provisions of the Insolvency Act 1986 (IA 1986) (and the Companies Act 2006), which were...

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