Restructuring and insolvency glossary

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Practice notes
Dissolution of a company following compulsory liquidation or creditors' voluntary liquidationDissolution marks the end of a company’s life. It...
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Produced in partnership with Ian Defty of Begbies Traynor
2nd Mar
Practice notes
Bankruptcy searchesBankruptcy searches at the Land Charges DepartmentWhen a bankruptcy petition is presented by a creditor, the court shall as soon as...
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Produced in partnership with Stephen Allinson, Consultant
2nd Mar
Practice notes
Dissolution and bona vacantia—dealing with the Treasury SolicitorBona vacantia means ‘goods without an owner’ and is a relevant consideration where...
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Produced in partnership with Katrina Mather of Gatehouse Chambers
1st Mar
Practice notes
Cashflow and balance sheet tests for insolvencyIntroductionThis Practice Note will give a basic overview of the applicable tests for cashflow and...
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Produced in partnership with South Square Chambers
1st Mar
Practice notes
Key elements of a standstill agreementWhen restructuring is considered rather than formal insolvency proceedings (see Practice Note: Benefits of...
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2nd Mar
Q&As
What are COMI proceedings?This Q&A considers the meaning of centre of main interests (COMI) proceedings, a new concept created by the Insolvency...
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1st Mar
Practice notes
Scotland: protected trust deedsTrust deeds have, for many years, been utilised by debtors as a means of reaching a compromise with their creditors as...
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Produced in partnership with James Lloyd of Harper MacLeod LLP
1st Mar
Practice notes
What is considered onerous property or contracts?DisclaimerUnder sections 178 and 315 of the Insolvency Act 1986 (IA 1986), a liquidator or a trustee...
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2nd Mar
Practice notes
RecapitalisationsThe term 'recapitalisation' refers to a company changing the proportions of its debt and equity, something which can be achieved in a...
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Produced in partnership with Alice Morgan of Sidley Austin LLP
2nd Mar
Practice notes
Role, powers, functions and duties of an administratorThe role, powers and duties of an appointed administrator are set out in the Insolvency Act 1986...
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2nd Mar
Q&As
How do you convert inter-company debt into equity? What are the advantages and disadvantages for the company and its shareholders?This Q&A deals with...
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Produced in partnership with Carolyn Jones
2nd Mar
Practice notes
The effect of a bankruptcy order on an individual voluntary arrangement (IVA), its assets, and the creditorsThe gap in the insolvency legislationIt is...
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Produced in partnership with Iain Pester of Wilberforce Chambers
2nd Mar
Practice notes
The pari passu principle and collection remedies for the office-holder—the position under the Insolvency (England and Wales) Rules 2016The primary...
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1st Mar
Practice notes
Schemes of arrangement—process and statutory frameworkSchemes of arrangement—definition and basis in statuteA scheme of arrangement is a...
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Produced in partnership with Jonathan Akinluyi of Latham & Watkins and Riccardo Alonzi at Burness Paull
2nd Mar
Practice notes
Role, powers, functions and duties of a trustee in bankruptcyThis Practice Note looks at the roles, powers, functions and duties of the trustee in...
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2nd Mar
Practice notes
Can you wind-up a company when the debt is disputed?It is a long-established principle that winding-up proceedings should not be commenced where the...
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Produced in partnership with Kate Rogers of Radcliffe Chambers
2nd Mar

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