A detailed explanation of the advantages and disadvantages of CVAs, the prescribed procedure and likely problem areas
Company Voluntary Arrangements and Administrations provides all the guidance required by Insolvency Practitioners to make informed decisions on the effective use of CVAs. It explains the advantages and disadvantages of CVAs, the prescribed procedure for using CVAs and the likely problem areas encountered by practitioners.
This second edition has been updated to cover the implementation of relevant provisions of the Companies Act 2006 which came into effect in October 2009 and examines the increase in insolvency and administration work with a practical example of a CVA proposal. A new section on Administrations has also been included to cover the more popular corporate rescue procedures of liquidations and administrations. This edition covers:
• The procedure
• The role of the nominee
• Costs
• The proposal
• The creditors
• The creditors’ meeting
• Implementation and supervision of the CVA
• Default and failure of a CVA
• Taxation
• Partnership voluntary arrangements
• Administrations
This is an invaluable text for insolvency barristers, solicitors, licensed practitioners, accountants and academics.
The Administration Procedure
"well researched, comprehensive and readable ... covering every conceivable aspect of company voluntary arrangements. Its simple and clear explanation of the legal and practical issues will be of assistance to both insolvency practitioners and those who advise"
New Law Journal
"be you a barrister or solicitor or for that matter, accountant or academic - you'll need this book if you practice or advise in the area of company voluntary arragements"
"carefully researched work of reference "
Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers