9781139175395 (ebook) 9780521878104 (hardback) 9780521701822 (paperback)
The first edition of Corporate Insolvency Law proposed a fundamentally revised concept of insolvency law, intended to serve corporate as well as broader social ends. This second edition takes on board a host of changes that have subsequently reshaped insolvency law and practice, notably the consolidation of the rescue culture in the UK, the rise of the pre-packaged administration and the substantial replacement of administrative receivership with administration. It also considers the implications of recent and dramatic changes in the provision and trading of credit, the movement of an increasing amount of 'insolvency work' to the pre-formal insolvency stage of corporate affairs and the arrival, on the insolvency scene, of a new cadre of specialists in corporate turnaround. Looking to the future, Vanessa Finch argues that changes of approach are needed if insolvency law is to develop with coherence and purpose, and she offers a framework for such an approach.
Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Formatted Contents Note
The roots of corporate insolvency law Aims, objectives and benchmarks Insolvency and corporate borrowing Corporate failure Insolvency practitioners and turnaround professionals Rescue Informal rescue Receivers and their role Administration Pre-packaged administrations Company arrangements Rethinking rescue Gathering the assets : the role of liquidation The pari passu principle Bypassing pari passu Directors in troubled times Employees in distress Conclusion.