Restructuring and Insolvency in the UK (England & Wales): Overview | Practical Law

Restructuring and Insolvency in the UK (England & Wales): Overview | Practical Law

A Q&A guide to restructuring and insolvency law in the United Kingdom.

Restructuring and Insolvency in the UK (England & Wales): Overview

Practical Law Country Q&A 9-501-6812 (Approx. 30 pages)

Restructuring and Insolvency in the UK (England & Wales): Overview

by James Terry, Tom Bannister, Emma Simmonds and Lauren Pflueger, Akin Gump LLP
Law stated as at 01 Oct 2022United Kingdom
A Q&A guide to restructuring and insolvency law in the United Kingdom.
The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform.