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Insolvency Practitioners: Appointment, Duties, Powers and Liability


ISBN13: 9781788973977
New Edition ISBN: 9781035311897
Published: December 2020
Publisher: Edward Elgar Publishing Limited
Country of Publication: UK
Format: Hardback
Price: £163.00



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This is an indispensable and practical overview of the functions and liabilities of the insolvency practitioner (IP), bringing together the expertise of insolvency practitioners and specialist lawyers. It considers the circumstances in which IPs are appointed, their duties and their powers, before offering a detailed investigation into their potential professional liabilities, as well as in-depth guidance to practitioners and advisers as to how claims might be framed and defended. Utilising knowledge drawn from decades of practice, Insolvency Practitioners examines both reported case law and unreported cases from the authors’ own experiences to provide unparalleled insight and information. It also discusses unresolved and tendentious matters such as aspects of remuneration, the end of personal IP licensing, and recent changes introduced by the Corporate Insolvency and Governance Act 2020, and provides clarity on the latitude given to IPs in exercising their commercial judgement. This book provides unique and comprehensive coverage of the significant body of case law in this area, and will prove essential reading for all IPs, insolvency and restructuring lawyers, as well as those dealing with matters relating to professional negligence. Its exploration of contentious issues in the field will also be of interest to academics and postgraduate researchers with a focus on insolvency law.

Subjects:
Insolvency Law
Contents:
Foreword
Preface
1. Introduction
PART I. QUALIFICATION AND APPOINTMENT
2. Qualification and authorisation of insolvency practitioners
3. Appointment, termination and removal
PART II. DUTIES AND POWERS IN OFFICE
4. The duties of office-holders 5. Powers of office-holders
PART III. OFFICE-HOLDER LIABILITY
6. Breaches of duty
7. Remedies for breach of IP’s duty
8. Defences
Annex I:
Table AI.1 Comparison of Schedules 1, 4 and 5 to the Insolvency Act 1986 (numerical order)
Annex II:
Table AII.1 Comparing and contrasting Schedules 1, 4 and 5 to the Insolvency Act 1986 Index