Restructuring & Insolvency analysis: Eleanor Temple, barrister of Kings Chambers, examines a Companies Court decision to grant relief under section 238 of the Insolvency Act 1986 (IA 1986) to the applicant joint liquidators of a company because a sale of the company's business constituted a transaction at an undervalue. The sale in question was under an asset sale agreement between the company and the second respondent company less than five months before the initial appointment of joint administrators to the company.
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Disqualification under section 6 of the Company Directors Disqualification Act 1986—Part 1: the process and procedureThe legislation surrounding director disqualification applications under section 6 of the Company Directors Disqualification Act 1986 (CDDA 1986) can be found under:•the Insolvent
Partnerships and the disqualification regimeDisqualificationDirectorsPrincipally, disqualification proceedings are brought against directors of companies. Proceedings are brought pursuant to the Company Directors Disqualification Act 1986 (CDDA 1986).The CDDA 1986 provides for directors who have
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