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Vol 23 No 4 April/May 2018

Book of the Month

Cover of Williams, Mortimer and Sunnucks: Executors, Administrators and Probate

Williams, Mortimer and Sunnucks: Executors, Administrators and Probate

Edited by: Alexander Learmonth, Charlotte Ford, Julia Clark, John Ross Martyn
Price: £295.00

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This book is now Out of Print.
A new edition has been published, the details can be seen here:
Corporate Insolvency Law: Perspectives and Principles 3rd ed isbn 9781107039919

Corporate Insolvency Law: Perspectives and Principles 2nd ed


ISBN13: 9780521878104
New Edition ISBN: 9781107039919
Previous Edition ISBN: 0521622565
Published: April 2009
Publisher: Cambridge University Press
Country of Publication: UK
Format: Hardback
Price: Out of print
Paperback edition out of print, ISBN13 9780521701822



The first edition of Corporate Insolvency Law proposed a fundamentally revised concept of insolvency law, intended to serve corporate as well as broader social ends. This second edition takes on board a host of changes that have subsequently reshaped insolvency law and practice, notably the consolidation of the rescue culture in the UK, the rise of the pre-packaged administration and the substantial replacement of administrative receivership with administration.

It also considers the implications of recent and dramatic changes in the provision and trading of credit, the movement of an increasing amount of ‘insolvency work’ to the pre-formal insolvency stage of corporate affairs and the arrival, on the insolvency scene, of a new cadre of specialists in corporate turnaround. Looking to the future, Vanessa Finch argues that changes of approach are needed if insolvency law is to develop with coherence and purpose, and she offers a framework for such an approach.

  • Links theory and practice whilst offering a critical approach that challenges conceptual underpinnings and draws on disciplines beyond the law
  • A substantially revised edition that takes on board the latest legal changes in law and practice, for example the Enterprise Act 2002 on corporate rescue
  • Examines the shifting boundaries of formal and informal corporate insolvency processes and the changes in the provision and trading of credit, e.g. the pre-packaged administration and the 'fragmentation' of credit

Subjects:
Insolvency Law
Contents:
Introduction
Part I. Agendas and Objectives: 1. The roots of corporate insolvency law
2. Aims, objectives and benchmarks
Part II. The Context of Corporate Insolvency Law: Financial and Institutional: 3. Insolvency and corporate borrowing
4. Corporate failure
5. Insolvency practitioners and turnaround professionals
Part III. The Quest for Turnaround: 6. Rescue
7. Informal rescue
8. Receivers and their role
9. Administration
10. Pre-packaged administrations
11. Company arrangements
12. Rethinking rescue
Part IV. Gathering and Distributing the Assets: 13. Gathering the assets: the role of liquidation
14. The pari passu principle
15. Bypassing pari passu
Part V. The Impact of Corporate Insolvency: 16. Directors in troubled times
17. Employees in distress
Conclusion.