Company Rescue Procedures: Law and Practice Book

This book provides the vital information that insolvency practitioners need in order to make informed decisions on the effective use of company voluntary arrangements (CVAs) in the UK. A detailed explanation of the advantages and disadvantages of CVAs, the prescribed procedure, and the likely problem areas will enable practitioners to assess their practicality and assist them in their management. This second edition has been updated and now covers the implementation of relevant provisions of the UK's Companies Act 2006, which came into effect October 2009. It examines the increase in insolvency and administration work, the new UK Insolvency Rules and changes to the Insolvency Act due to come into force April 2010 and April 2011. A new section on administrations has also been included to cover the more popular corporate rescue procedures of liquidations and administrations.