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This 'one-stop' introduction to corporate insolvency law and practice is based on the classic text Pennington's Corporate Insolvency Law, 2nd Edition. The book has been updated and expanded to cover current issues of great importance such as the legal implications of insolvency on company directors, and restructuring and rescue options. This text addresses the growing cross-border corporate activity and the impact of insolvency upon it. Corporate Insolvency Law deals with the provisions of the new set of Insolvency Rules, which replace the 1986 Rules. It also incorporates all amendments to the Insolvency Act 1986, those provisions of the Companies Act 2006 pertinent to corporate insolvency, the EC Regulation on Insolvency Proceedings, the Cross Border Insolvency Regulations, the Financial Collateral Arrangements Regulations, and the Transfer of Undertakings (Protection of Employment) Regulations. A systematic and detailed exposition of the law, this new book fills the gap for a general and practical work serving practitioners who are new to the field or who require a handy reference, and students of insolvency law.