Buying and Selling Insolvent Companies and Businesses

Buying and Selling Insolvent Companies and Businesses considers all aspects of the sale and purchase of an insolvent company or business from inception to completion. It gives the reader a clear insight into matters that only arise when a target company is insolvent, and more importantly, shows how the issues interact.
 

This new title brings the specific legal and commercial aspects of the transaction into focus, whilst also informing the reader of the more unusual matters a practitioner may encounter. The controversy surrounding pre-pack administrations, carry-over of business name and stakeholder roles are all examined.

Other topics covered in the book are:

• A review of the different forms of insolvency
• Different structures for the transaction
• Acquisition of assets
• Pensions
• Retention of target customers and suppliersBuying and Selling Insolvent Companies and Businesses is fully up-to-date to all relevant legislation including the Insolvency Act 1986, Insolvency Rules 1986 (as amended April 2010) and Companies Act 2006. It is also updated to case law such as the Statement of Insolvency Practice, Oakland v Wellswood (Yorkshire) Limited and Goldacre (Offices) Limited v Nortel Networks UK Limited (in administration) [2009].

  Insolvency and turnaround professionals and lawyers and pre and post graduate students, will all have their understanding enhanced, along with M&A and general practice accountants, business advisors, directors and investors.

  Full set of precedents to guide you through each transaction as it happens:

• Business Transfer Agreement
• Guaranteed liabilities
• Novation of Contract
• Intellectual Property Rights Assignment
• Debenture
• Guarantee and Indemnity