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The Companies Court (now part of the Insolvency and Companies List) is a specialist court within the Chancery Division of the High Court of Justice of England and Wales, which deals with certain matters relating to companies. These include matters which are regulated by the Companies Acts, the Financial Services and Markets Act 2000, the ...
Insolvency means being unable to pay debts. [2] Since the Cork Report of 1982, [3] the modern policy of UK insolvency law has been to attempt to rescue a company that is in difficulty, to minimise losses and fairly distribute the burdens between the community, employees, creditors and other stakeholders that result from enterprise failure. If a ...
In the UK, directors are exposed in respect of transaction at an undervalue, preferences, and extortionate credit transactions if the transaction occurred: a) while the company was insolvent; and b) within 2 years before the onset of liquidation if the transaction was with a connected person, and 6 months if the transaction was with an ...
Administration in United Kingdom law is the main kind of procedure in UK insolvency law when a company is unable to pay its debts. The management of the company is usually replaced by an insolvency practitioner whose statutory duty is to rescue the company, save the business, or get the best result possible.
Leading cases decided in the United Kingdom, concerning UK insolvency law. Pages in category "United Kingdom insolvency case law" The following 89 pages are in this category, out of 89 total.
The Insolvency Act 1986 (c. 45) is an act of the Parliament of the United Kingdom that provides the legal platform for all matters relating to personal and corporate insolvency in the UK. History [ edit ]
A UK man allegedly used genealogy sites to hack execs’ email accounts and make millions on stock trades ... He made about $1.5 million trading in the stock while he had access to CFO’s insider ...
There is also a UK insolvency law which applies across the United Kingdom, since bankruptcy refers only to insolvency of individuals and partnerships. Other procedures, for example administration and liquidation, apply to insolvent companies. However, the term 'bankruptcy' is often used when referring to insolvent companies in the general media.