Academic literature on the topic 'The insolvency practitioner'
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Journal articles on the topic "The insolvency practitioner"
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Cooper, Neil. "A perspective from a UK insolvency practitioner." International Insolvency Review 4, S1 (March 1995): 30–35. http://dx.doi.org/10.1002/iir.3940040307.
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Gaboardi, Marcello. "The Role of Consent in European Cross-Border Insolvency Proceedings: The Unilateral Undertaking under Article 36 EIRR." Global Jurist 21, no. 2 (March 16, 2021): 417–46. http://dx.doi.org/10.1515/gj-2020-0002.
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Abstract Properly balancing between public and private interests is one of the most significant and complex challenges presented by modern insolvency law. The European Union insolvency law has recently embraced that challenge, by reinforcing the role that private actors, such as creditors and stakeholders, are called upon to play within the context of insolvency proceedings. That approach to insolvency has gradually reduced the impact of public actors, such as judges and public officers, in managing the debtor’s financial difficulties. The individual consent seems to be the new way of facing the debtor’s insolvency. First, this Article examines the role of individual consent in insolvency proceedings in terms of economic efficiency. It focuses on the tendency to favor agreements between the debtor and creditors or the insolvency practitioner in several European legal systems when they increase the likelihood to produce efficient results for both the parties. The second part of this Article focuses on the European Regulation on cross-border insolvency proceedings no. 848/2015. I offer some critical thoughts about the unilateral undertaking under article 36 of the European Regulation. It represents a relevant means of managing the debtor’s cross-border insolvency through an agreement between the insolvency practitioner in the main insolvency proceedings and local creditors in order to avoid the opening of inefficient secondary proceedings.
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Baliura, Anna. "Peculiarities of court proceedings in insolvency cases under the laws of the Federal Republic of Germany." Law Review of Kyiv University of Law, no. 1 (April 15, 2020): 407–11. http://dx.doi.org/10.36695/2219-5521.1.2020.80.
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The present article represents the results of the analysis of the German model of court proceedings in insolvency cases. In particular, within the framework of our research we have analysed specific aspects of the use of terminological apparatus, inter alia, we have traced the differences of the use of terms ‘insolvency’ and ‘bankruptcy’ under the laws of Germany. Besides, the article covers jurisdiction rules in insolvency cases and provides key characteristics of enforcement proceedings in respective cases. The present article contains in-depth analysis of criteria for recognition the debtor’s insolvency, namely, inability to pay, threatening inability to pay and over-indebtedness. During our research we have also identified and analysed legislative grounds for rejection of the debtor’s or creditors’ application initiating insolvency proceedings.
Further, the article clearly indicates the functions and powers of the court, as well as the rights and obligations of the parties at each stage of court proceedings in insolvency cases, notably, imposition by the court of security measures, namely, appointment of insolvency practitioner and restriction of the right to dispose of the debtor’s property, adoption or rejection by the court of insolvency recovery plan submitted by the debtor or appointed insolvency practitioner. This article also highlights time frames for realization of the above-mentioned rights and obligations and for the entire insolvency proceedings itself.
The article reflects evolution of German court’s approach to foreign proceedings in insolvency cases, as well as to decisions of foreign courts in case of this category from total non-recognition to recognition and incorporation of respective rules into the legislation of Germany on cross-border insolvency. The evolution in question is sustained by glaring court practice in this regard.
The present article provides quantitative conclusions on peculiarities of the entire insolvency system of Germany and, particularly, of German model of court proceedings in insolvency cases.
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van Dijck, Gijs, Ruben Hollemans, Monika Maśnicka, Catarina Frade, Lorenzo Benedetti, Lucilla Galanti, Paula Fernando, et al. "Insolvency judges meet strategic behaviour: A comparative empirical study." Maastricht Journal of European and Comparative Law 27, no. 2 (March 30, 2020): 158–77. http://dx.doi.org/10.1177/1023263x20906669.
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This article reports the results of a comparative empirical legal study that analyzed (1) strategic behaviour by actors in insolvencies that is salient to insolvency judges and (2) how insolvency judges respond to such behaviour. After examining four different European countries, namely Italy, the Netherlands, Poland, and Portugal, the study reveals how differences regarding case allocation, judge – insolvency practitioner (IP) interaction, and remuneration and case financing can result in strategic behaviour on both the side of the judges and the IPs. From this, it follows that improving the efficiency and effectiveness is not merely a matter of implementing legislation and case law, but that it also requires a look into the dynamics between insolvency judges, IPs, and other actors in the insolvency process.
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DUMITRU-NICA, Maria, and Camelia IGNATESCU. "REPLACING THE CULPABLE INSOLVENCY PRACTITIONER ACCORDING TO LAW NO 85 per 2014- ROMANIAN CODE OF INSOLVENCY." European Journal of Law and Public Administration 2, no. 3 (December 30, 2015): 63–76. http://dx.doi.org/10.18662/eljpa/2015.0203.06.
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Sproge, Daiga. "The Debtor’s Property Selling in the Cross-Border Insolvency Proceedings." Economics and Culture 13, no. 1 (June 1, 2016): 76–87. http://dx.doi.org/10.1515/jec-2016-0010.
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Abstract The title of this research is “The debtor’s property selling in the cross-border insolvency proceedings”. The insolvency proceeding gets the cross-border status also in case, if a debtor is an owner of the property outside of the main interests’ centre, namely, in another country. Therefore, there are many problematic cases when insolvency administrator (also called insolvency practitioner) defines the real estate in this other country and has to make a decision concerning the methods of selling the real estate in accordance with the law of the Member State in which territory the insolvency proceedings have been started. At the same time, the administrator shall provide that the property is sold in particular with regard to procedures for the realization of assets defined in the legislation of that country, where such real estate has been located. The article’s aim is to give a view of the features of the sale of the property in the insolvency proceedings and to define the possible lack and improvements in the cross-border insolvency concerning the selling of a debtor’s property. The European Parliament and the Council of the European Union has adopted Regulation (EU) 2015/848 of 20 May 2015 on Insolvency proceedings, which shall apply from 26 June 2017, with some exceptions Despite the regulation of the cross-border insolvency has been improved, the procedure of the property disposal is still incomplete in the cross-border insolvency proceedings. Within the study the following research methods are applied: the analytical method, comparative method, sociological method and descriptive method. The predicted value of the research is theoretical and also practical. The research should be useful for the insolvency proceedings administrators, the companies and the banks, other experts involved in the cross-border insolvency proceedings, as well as for students to improve their theoretical knowledge about the cross-border insolvency.
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STEELE, Stacey, Meng Seng WEE, and Ian RAMSAY. "Remunerating Corporate Insolvency Practitioners in the United Kingdom, Australia, and Singapore: The Roles of Courts." Asian Journal of Comparative Law 13, no. 1 (December 18, 2017): 141–72. http://dx.doi.org/10.1017/asjcl.2017.20.
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AbstractInsolvency practitioner remuneration is a vexed topic globally and the role of courts in fixing and reviewing remuneration is controversial. This article compares the approaches adopted by the courts in the United Kingdom, Australia and Singapore to the issue of fixing and reviewing corporate insolvency practitioners’ remuneration. The analysis considers the factors that the courts in the three jurisdictions consider in deciding remuneration claims including reasonableness, proportionality and the need for insolvency practitioners to justify their claims. Measures taken in each of the jurisdictions to facilitate predictability in time-based remuneration, whether through legislation, professional codes or judicial development, are examined. Various initiatives towards greater participation of external experts in deciding remuneration claims are also considered. The analysis finds that the three jurisdictions share some similarities despite jurisdictional differences but also differ in some important aspects. The article argues that courts have taken the initiative in each jurisdiction to fill a perceived regulatory gap where legislation provides little or ambiguous guidance, or where the judiciary believes that legislation and regulation have not kept up with community expectations. The results also highlight the cross-pollination of ideas in these jurisdictions.
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Dickfos, Jennifer. "The Costs and Benefits of Regulating the Market for Corporate Insolvency Practitioner Remuneration." International Insolvency Review 25, no. 1 (July 15, 2015): 56–71. http://dx.doi.org/10.1002/iir.1239.
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Paterson, Sarah. "Reflections on English Law Schemes of Arrangement in Distress and Proposals for Reform." European Company and Financial Law Review 15, no. 3 (November 9, 2018): 472–502. http://dx.doi.org/10.1515/ecfr-2018-0015.
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The English scheme of arrangement process has, in many ways, proved a reliable friend to distressed companies and their majority finance creditors in the decade following the financial crisis. However, experience of using the scheme process to achieve a debt restructuring has highlighted a number of areas where it could be improved for the present, or to make it more adaptable in the future. This article was written at a time when the Insolvency Service had launched a review of the corporate insolvency framework in the UK (and published many of the responses which it has received to the consultation), and the European Commission had published a proposal for a new Directive setting minimum harmonisation standards for restructuring law. Both the consultation and the proposal have significant implications for the reform agenda, and the Government has published its response to the UK consultation just as this article is going to press. This paper focuses on the introduction of a preliminary moratorium as a gateway to restructuring efforts, the crucial question of how to value the enterprise if a cram down mechanism is introduced and the role of the insolvency practitioner in the scheme context.
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Barton QC, Zoë, and Tara Taylor. "Insolvency within your trust: bankrupt settlors, insolvent companies and insolvent trusts." Trusts & Trustees 26, no. 5 (June 1, 2020): 445–55. http://dx.doi.org/10.1093/tandt/ttaa026.
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Abstract Anecdotally at least, there seems to be a trend towards increased litigation involving insolvency practitioners pitted against trustees. This article considers the so-called ‘insolvent trust’ and the challenges these present to their trustees, with particular reference to the Z Trust litigation. It goes on to discuss certain claims that may be faced by insolvent settlors and companies involving the adjustment of antecedent transactions for the benefit of creditors, and how trustees can protect themselves in the face of such claims.
Dissertations / Theses on the topic "The insolvency practitioner"
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Plzáková, Nikol. "Pohledávky v insolvečním řízení – povinnosti insolvenčního správce." Master's thesis, Vysoká škola ekonomická v Praze, 2015. http://www.nusl.cz/ntk/nusl-205119.
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This thesis deals with claims in insolvency proceedings primarily focusing on the obligations of the insolvency practitioner which arise when dealing with these problems. The aim of this study is to map out all the mentioned claims throughout the whole insolvency proceedings and describe the main role of the insolvency practitioner during the process. The analysis was based on regulations of the Act no. 182/2006 Coll., on Bankruptcy and Its Resolution (Insolvency Act), accompanied by fundamental judicatureand thorough literature review. In addition, the results of this work were also interpretations of the lifecycle of claims from their existence in insolvency proceedings to their extinction.
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Melin, Sophie. "Konkursförvaltarjäv : Reformbehov?" Thesis, Linköpings universitet, Filosofiska fakulteten, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-106082.
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På senare tid har fråga om jäv vid konkursförvaltaruppdrag uppkommit i samband med flera större konkurser. Konkursförvaltarnas uppgifter blir allt mer avancerade och idag tar förvaltarna många viktiga beslut i sin förvaltning. Det är givetvis väldigt viktigt att en konkursförvaltare är oberoende vid sin handläggning av en konkurs. Att någon i en maktposition med behörighet att ta beslut som kan påverka någon annan negativt om den i maktpositionen är jävig strider mot grundregeln för en objektiv och opartisk rättsskipning. Det stipuleras i lag att en konkursförvaltare inte får anta ett förvaltaruppdrag om han står i ett sådant förhållande till gäldenären, en borgenär eller någon annan att det är ägnat att rubba förtroendet för hans opartiskhet i konkursen. Utöver regleringen i lagen finns rekommendationer om god förvaltarsed. Oaktat bestämmelserna antar vissa konkursförvaltare uppdrag trots att en beaktansvärd risk för jäv föreligger. Systemet bygger på självgranskning och någon strängare påföljd saknas. Konkursförvaltarna följer inte alltid rekommendationerna, utseendeprocessen av förvaltarna är oreglerad och systemet med att en person kan föreslå en förvaltare leder ofta till att en osund relation uppstår. I förarbeten, utredningar och artiklar har jävsproblematiken diskuterats och det har under åren givits alternativ på förbättringar av systemet. Förslag som har uppkommit har exempelvis varit att en auktorisation av konkursförvaltarna ska införas, att en ny tillsynsmyndighet ska inrättas och/eller att en ny lag för konkursförvaltarna ska konstrueras. Genom införandet av en auktorisation skulle utseendeprocessen för det första bli reglerad samt skulle kunskapsnivån för förvaltarna förbättras och lättare kunna upprätthållas. Dessutom skulle en konkursförvaltare om han missköter sitt uppdrag kunna fråntas sin auktorisation, med rätt att överklaga beslutet. En ny tillsynsmyndighet skulle innebära att en specialiserad myndighet infördes. Myndigheten skulle kunna handha auktorisationen, utseendet av förvaltarna samt utöva tillsyn över förvaltarna. Ett sådant system används idag för revisorerna, där det är Revisorsnämnden som auktoriserar och granskar revisorerna. Eftersom dagens reglering i frågan om konkursförvaltarjäv är undermålig är resultatet av uppsatsens utredning att en reform är nödvändig.
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Constantinides, Sylvia. "Going-concern assessments for financially distressed firms : a comparative study of auditors, bankers and insolvency practitioners." Thesis, University of Nottingham, 2002. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.246871.
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Haglund, Elin. "Fordringsägare vid konkurs : Revisionens betydelse i värderingen av ett litet bolags betalningsförmåga." Thesis, Högskolan i Skövde, Institutionen för handel och företagande, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:his:diva-10034.
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Stora företagsbedrägerier och skandaler såsom Kreuger, Enron och Worldcom där fordringsägare led omfattande förluster, följs ofta av en debatt om revisionens syfte och omfattning. Efter påtryckningar från EU om att minska den administrativa bördan, öka konkurrenskraften och stimulera Europas ekonomi, avskaffades revisionsplikten för mindre aktiebolag i Sverige 2010. Fordringsägare i form av bland annat kreditgivare och investerare är parter som kan drabbas vid en konkurs och har därför behov av att ha en fungerande relation med företaget. Tillsammans med kompletterande information från revisorer bidrar kreditbetyg till en bättre bild av kreditrisker som fordringsägare utsätter sig för. Syftet med studien är att öka förståelsen för revisionens betydelse i värderingen av ett litet företags betalningsförmåga när det sedan 2010 inte längre är ett lagstadgat krav att ha revisor. Studien ger även möjlighet till att bättre bedöma revisionens påverkan på kreditrisken för fordringsägare i händelse av konkurs. Detta är en triangulerande studie, där insamling av data har skett genom både kvalitativa intervjuer och kvantitativ information från 57 konkursbon av små bolag från 2009 och 61 från 2012. Intervjuerna har gjorts med 10 respondenter inom revision, kreditgivning och konkursförvaltning. Resultaten har analyserats utifrån framförallt agent- och intressentteorin. Studien har kommit fram till att användandet av revisor är en funktion som värderas högt. De har en viktig roll när det gäller att hjälpa företagare att leva upp till de ekonomiska kunskapskrav som omvärlden ställer. Även när det gäller bedömningen av företagets fortsatta drift kan revisorns kunskaper bidra till att minska risken för en obeståndssituation. Studien har dock inte kunnat fastställa att underskottens storlek i konkurserna har påverkats av om bolaget har haft revisor eller inte. Varken respondenterna eller sambandsanalysen styrker någon skillnad i påverkan på prioriterade borgenärer efter avskaffandet av revisionsplikten. För både 2009 och 2012 har många konkurser små underskott medan få har stora, vilket indikerar att kreditgivare i det flesta fall har kunnat göra rimliga kreditbedömningar.Major fraud and scandals in corporations such as Kreuger, Enron and Worldcom where creditors suffered significant losses, are often followed with debate around the purpose and scope of corporate audits. After pressure from the EU in order to reduce the administrative burden, increase competitive capacity, and stimulate the European economy the mandatory auditing was abolished for small enterprises in Sweden in 2010. Creditors of which some are banks and investors are parties that who can be affected by a bankruptcy and are therefore dependent on a working relationship with the enterprise. Together with additional information from an auditor credit ratings will aid a creditor in the assessment of exposed risk. This study aims to increase the understanding of audit significance in the aspect of credit rating of small companies and their ability to fulfil payments to prioritised creditors in case of bankruptcy as the legislated audit no longer is a requirement. It will also provide a possibility to assess the influence of auditing on the credit risk creditor is subject to in the event of bankruptcy. The study is using a triangulating method where data is collected using both qualitative interviews and quantitative data from 57 bankruptcies of small enterprises from 2009 and 61 bankruptcies from 2012. The interviews were conducted with 10 respondents representing auditing, loans, and Insolvency practise. The results have been analysed from the perspective of Agent- and Stakeholder theories. The study has derived to the conclusion that the use of auditors does carry a significant value. They have an important role to play when it comes to assisting entrepreneurs to live up to the expectation and skills their counterparts have on them. Even the assessment made by auditors on the company’s ability to continue operation, going concern, is knowledge which can contribute to the prevention of a future situation of insolvency. The study has not been able to prove any relationship between the company's level of debt in bankruptcy and if the company has chosen to have an auditor. Neither respondents in the qualitative data collection nor the search for correlation in the quantitative data has been able to support findings of difference on the impact on the prioritised creditors between the companies using auditors and the ones not using auditors from the time after the abolishment of mandatory audits. From both 2009 and 2012 most bankruptcies have low deficits and a small number have high, which indicate creditors have been able to make reasonable credit assessments.
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Carvalheiras, Ana Celeste Dias. "A Resolução em Benefício da Massa enquanto poder e dever do Administrador de Insolvência." Master's thesis, 2018. http://hdl.handle.net/10316/85748.
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Dissertação de Mestrado em Direito: Especialidade em Ciências Juridico-Forenses apresentada à Faculdade de DireitoHoje em dia não é incomum que o património de um devedor se encontre disperso por vários países. A globalização presente em todos os aspetos do nosso quotidiano trouxe a necessidade de encontrar respostas para conflitos jurisdicionais, envolvendo indivíduos oriundos de vários Estados, bens sitos em diferentes Estados, ou ainda negócios celebrados em Estados diferentes. Daí que existam hoje convenções internacionais, diretivas e regulamentos que devem ser respeitados e transpostos para o ordenamento jurídico de cada Estado por estes vinculado. Tudo o que é feito internamente tem repercussões no exterior, e reciprocamente, o que se faz no exterior tem repercussões para o nosso ordenamento jurídico. Considerando, em particular, o processo de insolvência, concretamente nas situações em que existam bens fora do território português, é imprescindível uma certa adaptação dos atos praticados na normal tramitação do processo, o que para o Administrador de Insolvência implicará, de igual modo, um ajuste no exercício das suas funções que não pode ser ignorado. Como tal, esta investigação poderá revelar-se de valor ao ponderar os interesses, vantagens e implicações que o Direito da União Europeia possa ter no recurso ao instituto da Resolução em Benefício da Massa Insolvente.Hoje em dia não é incomum que o património de um devedor se encontre disperso por vários países. A globalização presente em todos os aspetos do nosso quotidiano trouxe a necessidade de encontrar respostas para conflitos jurisdicionais, envolvendo indivíduos oriundos de vários Estados, bens sitos em diferentes Estados, ou ainda negócios celebrados em Estados diferentes. Daí que existam hoje convenções internacionais, diretivas e regulamentos que devem ser respeitados e transpostos para o ordenamento jurídico de cada Estado por estes vinculado. Tudo o que é feito internamente tem repercussões no exterior, e reciprocamente, o que se faz no exterior tem repercussões para o nosso ordenamento jurídico. Considerando, em particular, o processo de insolvência, concretamente nas situações em que existam bens fora do território português, é imprescindível uma certa adaptação dos atos praticados na normal tramitação do processo, o que para o Administrador de Insolvência implicará, de igual modo, um ajuste no exercício das suas funções que não pode ser ignorado. Como tal, esta investigação poderá revelar-se de valor ao ponderar os interesses, vantagens e implicações que o Direito da União Europeia possa ter no recurso ao instituto da Resolução em Benefício da Massa Insolvente.
Nowadays it is not unusual for us to find the assets of a certain debtor scattered around more than one country. Globalization, now present in every aspect of everyday life, has brought about the need to find answers to jurisdictional conflicts that involve individuals from more than one country, assets located in different countries, and contracts celebrated in different countries. For this reason, there are now international conventions, directives and regulations that must be respected and transposed to the national legal order of the countries bound by them. Everything done under any national legal order has repercussions on an international level, just as what is done on an international level also has repercussions on the national order of every country.Considering insolvency proceedings, especially cases where there are assets outside the Portuguese territory, a certain adaptation of the actions executed during of what the normal proceeding would be is crucial. For the insolvency practitioner, this will also mean an adjustment of his duties that cannot be ignored. For these reasons, this investigation might reveal itself of great interest while weighing the advantages and the implications that the European Union Law might have on the resolution in favor of the insolvent estate.Nowadays it is not unusual for us to find the assets of a certain debtor scattered around more than one country. Globalization, now present in every aspect of everyday life, has brought about the need to find answers to jurisdictional conflicts that involve individuals from more than one country, assets located in different countries, and contracts celebrated in different countries. For this reason, there are now international conventions, directives and regulations that must be respected and transposed to the national legal order of the countries bound by them. Everything done under any national legal order has repercussions on an international level, just as what is done on an international level also has repercussions on the national order of every country.Considering insolvency proceedings, especially cases where there are assets outside the Portuguese territory, a certain adaptation of the actions executed during of what the normal proceeding would be is crucial. For the insolvency practitioner, this will also mean an adjustment of his duties that cannot be ignored. For these reasons, this investigation might reveal itself of great interest while weighing the advantages and the implications that the European Union Law might have on the resolution in favor of the insolvent estate.
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Zezulka, Ondřej. "Postavení insolvenčního správce v insolvenčním řízení a dohlédací činnost soudu." Doctoral thesis, 2020. http://www.nusl.cz/ntk/nusl-435433.
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1 Název disertační práce v anglickém jazyce, abstrakt, klíčová slova The status of the insolvency practitioner within the insolvency proceedings and a supervisory activity of the court Abstract The thesis presents to readers both theoretical and historical background of the insolvency practitioner profession, characteristic attributes of performing function of the insolvency practitioner and a basis of so-called supervisory activity of an insolvency court over various subjects of the insolvency proceedings. The second chapter is dedicated to the central topic of the thesis which resolves the issue of the status and performance features of the insolvency practitioner within the insolvency proceedings. The interpretation exposes an ambivalent theoretical background supporting the profession of insolvency practitioner and fragmentation of opinions held by the professionals as to his genuine position within a judiciary system; these vary from private entrepreneurship towards an entity entrusted with public authority competences close to judicial commissioner. The next chapter comprehensively analyses a position of the insolvency court within the insolvency proceedings. The effort of the author is prevailingly directed to uncover the context between categorical requirements (principles) on conducting insolvency...
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Chiwete, Chinwe. "An examination of insolvency alternatives for corporate and non corporate entities in South Africa." Diss., 2012. http://hdl.handle.net/2263/27928.
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The journey towards insolvency is often a gradual process, thus enabling a business or person in most circumstances to be aware of the danger ahead if adequate precautions are not taken. This position is recognized by the Statute, hence the definition given to a financially distressed company under the Companies Act1 to mean inability to pay all its debts within the immediately ensuring six months or the likelihood of going insolvent within the immediately ensuring six months. Rescue mechanisms are therefore aimed at ensuring that when faced with the signs of insolvency, a business for instance can be properly driven to become solvent again or at least restructured to achieve better realization of assets.2 Indeed, providing alternatives to insolvency is fast becoming a global trend as many countries now appreciate the need to give a person or business experiencing difficult times, the opportunity to rise again without necessarily going through the rigors of liquidation or sequestration. South Africa is not left out in the quest to assist over-indebted persons and provide them with alternative measures beside insolvency. The National Credit Act3 for instance seeks as one of its objectives to prevent over-indebtedness and where it occurs address same by means of debt rearrangement. This is in addition to certain provisions of the Magistrate CourtP a g e Act4 which allow a debtor the option of applying for an administration order and where granted make payment in instalments. The Companies Act also provides for business rescue as well as compromise between company and creditors.5 This research in brief analyses the above mentioned laws in South Africa that provide alternative measures for financially troubled or over-indebted debtors as applicable to corporate and non-corporate entities. The research considers whether these laws are sufficient to assist debtors in financial crisis, the effectiveness of these laws, challenges as well as loopholes taking into consideration what is applicable in other jurisdictions such as the United States, United Kingdom, Canada and Australia. The end of this research contains recommendations that would assist in achieving effective rescue mechanisms or alternatives to insolvency beneficial to both corporate and noncorporate entities in South African. CopyrightDissertation (LLM)--University of Pretoria, 2012.
Mercantile Law
unrestricted
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Loubser, Anneli. "Some comparative aspects of corporate rescue in South African company law." Thesis, 2010. http://hdl.handle.net/10500/3575.
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South African company law has provided for the rescue of financially distressed
companies since 1926 when the statutory procedure of judicial management was
introduced by the Companies Act 46 of 1926. Unfortunately, judicial management
has never been regarded as a successful corporate rescue procedure and for most
of its existence it has been severely criticised on many grounds. The Companies Act
61 of 1973 that replaced the Companies Act 46 of 1926 did very little to improve this
situation and judicial management remained underutilised. As a result, the
Companies Act 71 of 2008 now introduces two newly-created corporate rescue
procedures in the form of business rescue proceedings and the compromise with
creditors.
This study analyses judicial management and the new corporate rescue
procedures to establish whether the identified weaknesses of judicial management
have been adequately and effectively addressed in the new procedures. A
comparative study with similar procedures in England and Germany is undertaken
to determine whether the South African legislature has delivered on its promise to
create a system of corporate rescue that will meet the needs of a modern South
African economy.
Several weaknesses in the new procedures are identified and a number of
recommendations are made to improve the relevant provisions and to assist in
providing South African company law with an efficient and acceptable corporate
rescue regime.Mercentile Law
LLD (Mercentile Law)
Books on the topic "The insolvency practitioner"
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Great Britain. Department of Trade and Industry. Insolvency Regulation Working Party. A review of insolvency practitioner regulation. London]: The Working Party, 1999.
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Association, Insolvency Practitioners. Annual review. London: Insolvency Practitioners Association., 1989.
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3
Michael, Griffiths. Corporate insolvency for general practitioners. Birmingham: CLT Professional Publishing, 1996.
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4
Flood, John A. Insolvency practitioners and big corporate insolvencies. London: Certified Accountants Educational Trust, 1995.
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Connor, Rosalind J. Pensions and corporate insolvency: A practitioner's guide. Bristol: Jordan Publishing Limited, 2013.
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Tang, Alan. Insolvency in China and Hong Kong: A practitioner's perspective. Hong Kong: Sweet & Maxwell Asia, 2005.
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Halliday, Terence C. Professionalization and the moral regulation of markets: Corporate governance, insolvency practitioners and the English Insolvency Act 1986. [Chicago]: American Bar Foundation, 1993.
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Salerno, Thomas J. Bankruptcy litigation & practice: A practitioner's guide. Eau Claire, Wis. (P.O. Box 1208, Eau Claire 54701): Professional Education Systems, 1985.
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Salerno, Thomas J. Bankruptcy litigation and practice: A practitioner's guide. Chichester: Wiley, 1992.
Find full textBook chapters on the topic "The insolvency practitioner"
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Smithson, Helen. "Role of Insolvency Practitioners in Restructuring and Bankruptcy in the UK." In Global Insolvency and Bankruptcy Practice for Sustainable Economic Development, 49–78. London: Palgrave Macmillan UK, 2016. http://dx.doi.org/10.1007/978-1-137-56175-6_2.
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"Article 21. Powers of the insolvency practitioner." In European Insolvency Regulation, edited by Moritz Brinkmann, 211–16. Verlag C.H.BECK oHG, 2020. http://dx.doi.org/10.17104/9783406759031-211.
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"You and your insolvency practitioner – and a word of encouragement." In Corporate Insolvency, 109–12. Routledge-Cavendish, 2004. http://dx.doi.org/10.4324/9781843145752-19.
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"FUNDING LITIGATION BY THE INSOLVENCY PRACTITIONER." In Corporate and Personal Insolvency Law, 429–42. Routledge-Cavendish, 2013. http://dx.doi.org/10.4324/9781843145820-86.
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"Article 47. Power of the insolvency practitioner to propose restructuring plans." In European Insolvency Regulation, edited by Moritz Brinkmann, 386–89. Verlag C.H.BECK oHG, 2020. http://dx.doi.org/10.17104/9783406759031-386.
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Schmidt, Jessica. "Insolvency Proceedings of Members of a Group of Companies." In Commentary on the European Insolvency Regulation. Oxford University Press, 2016. http://dx.doi.org/10.1093/oso/9780198727286.003.0005.
Full textAbstract:
For the purposes of points (b) and (c), all or some of the insolvency practitioners referred to in paragraph 1 may agree to grant additional powers to an insolvency practitioner appointed in one of the proceedings where such an agreement is permitted by the rules applicable to each of the proceedings. They may also agree on the allocation of certain tasks amongst them, where such allocation of tasks is permitted by the rules applicable to each of the proceedings.
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"Germany." In Rescue of Business in Europe. Oxford University Press, 2020. http://dx.doi.org/10.1093/oso/9780198826521.003.0025.
Full textAbstract:
The insolvency practitioner is chosen independently by the court (§ 56 InsO). However, if a preliminary creditors’ committee is established, it has to be heard and the court is obliged to appoint the practitioner proposed unanimously by the provisional creditors’ committee unless the person proposed is not suited to taking on the office (§ 56a InsO). The court’s decision is not challengeable, but the first creditors’ meeting subsequent to the appointment of the insolvency practitioner may elect a different person to replace him (§ 57 InsO). The court may refuse the appointment only of a person unqualified to assume such an office; against a refusal of appointment any insolvency creditor may bring an immediate appeal.
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Anderson, Hamish. "Investigation." In The Framework of Corporate Insolvency Law. Oxford University Press, 2017. http://dx.doi.org/10.1093/oso/9780198805311.003.0016.
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An office-holder cannot discharge his functions without a full understanding of the affairs, business, and property of the company. However, a significant prior professional relationship is regarded as posing a clear threat to the objectivity of an insolvency practitioner such as to make it inappropriate to accept appointment as an office-holder in insolvency proceedings relating to the company. The requirement for an office-holder to be independent of the company therefore means that he may have little or even none of the requisite knowledge prior to his appointment.
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"National Report for England." In Commencement of Insolvency Proceedings, edited by Gerard McCormack. Oxford University Press, 2012. http://dx.doi.org/10.1093/oso/9780199644223.003.0008.
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The first bankruptcy statute in England dates from 1542. The statute was designed to prevent debtors from escaping the country; to ensure that all of a debtor’s assets were available for distribution among creditors and to ensure fair and rateable division of assets—the pari passu principle. A number of bankruptcy statutes were enacted between 1542 and 1914. These statutes applied to the bankruptcy of individuals but a number of provisions in the later statutes were incorporated by reference into the companies legislation. The Winding-Up Act 1844 was the first enactment applying directly to companies. The Act limited the remedies of company creditors to company property. From the Companies act 1862 onwards, winding-up provisions were included in the Companies Acts and these Acts also applied certain provisions of the Bankruptcy Acts in the corporate sphere. The result was a form of ‘scissors and paste’ legislation. In 1976 the then Department of Trade and Industry asked a committee chaired by the distinguished insolvency practitioner, Sir Kenneth Cork, to address the need for unification and modernisation of insolvency legislation. The committee reported in 1982 and the report led ultimately to the Insolvency Act 1986, which brings together personal and corporate insolvency law in
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"Insolvency practitioners." In Corporate Insolvency Law, 145–84. Cambridge University Press, 2002. http://dx.doi.org/10.1017/cbo9781139164283.006.
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