The classic text on corporate insolvency law, providing a clear and comprehensive treatment of the fundamental principles underpinning insolvency law, and long relied upon by practitioners and the courts. In this work particular attention is paid to what assets are available for distribution on insolvency, transactions vulnerable to being set aside, and the liability of directors. The core features of liquidation, administration (and administrative receivership), schemes of arrangement and company voluntary arrangements, are identified and explained with reference to practice and underlying policy. This new edition has been thoroughly updated throughout.

Key features

• Explores the framework and fundamental principles of corporate insolvency law, a knowledge of which is essential to an understanding of this complex field
  
  Combines conceptual clarity with a rigorous analysis of the many difficult problems confronting the practitioner
  
  Provides a comprehensive and up-to-date coverage of key features of increasingly complex insolvency legislation and a mass of case law
  
  Contains a detailed treatment of the recast EU Insolvency Regulation and of the Cross-Border Insolvency Regulations which incorporate the UNCITRAL Model Law

• Analysis of recent developments in the case law, including the Supreme Court decisions in the Lehman ‘Waterfall I’ proceedings, Akers v Samba Financial Group, Bilta (UK) Ltd v Nazir, Re Nortel GmbH, Rubin v Eurofinance SA, BNY Corporate Trustee Services Ltd v Eurosail, and Belmont Park Investments
  
  Expanded treatment of the anti-deprivation and pari passu rules, in light of recent case law
  
  Considers changes in the recast European Insolvency Regulation and related recent CJEU case law
  
  Coverage of the new Insolvency Rules 2016