Insolvency and Restructuring Manual

Should you choose a formal insolvency or would a restructuring be more appropriate for a company's final steps?

Insolvency and Restructuring Manual (4th Ed) guides you through the considerations and steps in each avenue, examining the main formal processes including liquidation, administration, receivership, company voluntary arrangements and schemes of arrangement.

The new Fourth Edition covers:
- The new Part 26A scheme of arrangement (or "restructuring plan"), standalone moratorium and provisions for the protection of supplies introduced by the Corporate Insolvency and Governance Act 2020
- The forthcoming regulations concerning disposals by an administrator to connected persons
- The Supreme Court decision in Sequana S.A. v BAT Industries Plc and others clarifying, among other things, when directors have a duty to creditors rather than shareholders
- The legislative changes accompanying Brexit, their impact on cross-border matters and other important developments in case law relating to cross-border matters
- The provisions of the Finance Act 2020 which restored the status of HMRC as a preferential creditor
- The use of special managers in complex compulsory liquidations as seen, for example, in the cases of Carillion, British Steel and Thomas Cook
- The Pensions Schemes Act 2021 and its possible impact on the restructuring landscape
- The protocol on, and use of, 'rescue administration'

Ease-of-reading is provided by bullet-pointed and highlighted text, flowcharts and tables.

Insolvency and Restructuring Manual is an indispensable reference source for experienced practitioners and offers junior professionals, company directors and company secretaries a valuable first introduction to the subject.

Simon Beale is the head of the insolvency practice at Mcfarlanes. He has more than 22 years' experience of advising on corporate restructuring and recovery issues.
Simon acts for troubled companies, their directors and shareholders and for the major financial creditors of such entities. His clients also include distressed debt investors, insolvency officeholders and a variety of other parties with an interest, or potential interest, in the troubled company's business.

Paul Keddie is a senior counsel at Mcfarlanes. He advises on a broad range of corporate restructuring and recovery issues.
His clients include companies in financial difficulties, their directors and shareholders, insolvency practitioners appointed over such companies, lenders to and other major creditors of troubled entities, investors interested in a "loan-to-own" strategy and buyers of businesses where there is an insolvency aspect.