Insolvency Law - An Introductory Guide for Corporate Lawyers

Introduction

Aimed at corporate lawyers wishing to diversify as a result of the market decline in deals due to COVID-19, this live broadcast session will provide you with an introduction to insolvency law.

The session will consider what directors of an insolvent company can (and should) do to rescue the company and/or to produce the best outcome for the company’s creditors; and the potential liabilities if they fail to act to safeguard creditors.

It will also consider what companies can do to protect themselves from the risk that a customer will become insolvent, including proposed amendments to the Insolvency Act 1986 which would limit the extent to which suppliers of goods and/or services can exercise their contractual rights to terminate supply in the event of a customer’s insolvency.

What You Will Learn

This live and interactive broadcast will cover the following:

• Overview of the different corporate insolvency procedures
• Which insolvency procedure to choose
• Potential liability of directors of insolvent companies: wrongful trading, misfeasance, prohibited names
• The position of employees of insolvent companies
• Use of individual voluntary arrangements to vary leases and other contracts
• Retention of title clauses, and when they need to be registered as company charges
• Corporate Insolvency and Governance Bill 2019-21 and its effect on termination clauses in supply contracts

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.