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Loose & Griffiths on Liquidators: The Role of a Liquidator in a Winding Up 8th edition

A guide to the law relating to company liquidations
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£112.99
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ISBN/ISSN: 9781846617300

Product description

Why should you buy Loose & Griffiths on Liquidators: The Role of a Liquidator in a Winding Up

Loose & Griffiths on Liquidators (formerly Loose on Liquidators) is a guide to the law relating to company liquidations and the important role of the liquidator in a winding up - their powers, duties and relationship to creditors, members, receivers and the court. It provides in a convenient single volume invaluable specialist advice and essential time-saving reference materials.

Now in its eighth edition, this definitive work on successful liquidations has been completely updated and expanded to include all the latest developments in liquidation practice and procedure. It includes new analysis of:

  • BNY Corporate Trustee Services v Eurosail - the meaning of insolvency for the purposes of the winding up of an insolvent company 
  • HMRC v Football League and Football Association - the football creditor rule which varies in particular circumstances under the standard order of payment of debts 
  • Re Stanford International Bank - the centre of main interests for the purposes of cross-border insolvency 
  • Charalambous v B & C Associates - the absence of a duty of care owed by an administrator to creditors in the absence of a special relationship

Preface

The first edition of this book appeared in 1972. Since then, we have seen periods of horrendous inflation with peaks and troughs of corporate insolvencies as recessions and booms have succeeded one another. In the midst of this activity, we saw first the 1981 Report of the Cork Committee (Cmnd 8558), then the Insolvency Acts of 1985 and 1986, the Company Directors Disqualification Act 1986 and a barrage of delegated legislation designed to put flesh on the bare bones of the primary statutes. Our third edition was published in 1989 and, of course, incorporated the legislation of the mid-1980s and some of the earlier decisions of the courts. This was, however, before the last two recessions had really taken their toll. While compulsory liquidations which totalled 5,200 in 1986 had fallen to 3,624 in 2013, creditors’ voluntary liquidations which totalled 9,200 in 1986 had risen to 11,358. On top of this, administrations which hardly figured in the statistics in the 1980s had risen to nearly 5,000 in 2008, though they fell back to 2,365 in 2013. Read the full preface...

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Table of contents

  • Preface
  • Table of Cases
  • Table of Statutes
  • Table of Statutory Instruments
  • List of Abbreviations
  • Status of a Liquidator
  • Commencement of Voluntary Winding Up
  • The EC Regulation on Insolvency Proceedings
  • Compulsory Winding Up
  • Effects of Winding Up and Appointment of the Liquidator
  • Duties of the Liquidator
  • Powers of the Liquidator
  • Creditors
  • The Liquidation Committee and Meetings
  • Matters Arising in Winding Up
  • Payment of Debts
  • Rights and Liabilities of Members
  • Completion of Winding Up
  • The Administration Procedure
  • The Financial Collateral Arrangements (No 2) Regulations 2003
  • Appendices
    • Check-lists for Winding Up and Liquidation
    • Precedent Letters with Statutory and Practice Forms
    • Penalties
    • Disqualification of Directors
    • Guides to Professional Conduct and Ethics
  • Index
Read the full contents