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Re-invigorating corporate rescue

Finch, Vanessa (2003) Re-invigorating corporate rescue. Journal of Business Law, 2003 (Nov). pp. 527-557. ISSN 0021-9460

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Abstract

Reviews the effectiveness of the UK Government's corporate rescue reforms, highlighting key provisions of the Enterprise Act 2002, concerning the enforcement of floating charges through the administration process and the ring fencing of a proportion of a company's net floating charge proceeds for unsecured creditors. Evaluates the impact of the reforms on banks, unsecured creditors, administrators, directors and the courts themselves, in terms of: (1) substantive and procedural rights; (2) whether incentives for supporting rescue efforts under the new regime conform to legislative intentions; (3) general attitudes to rescue; and (4) the effect of limitations on expertise or resourcing. Discusses the possible future development of the corporate insolvency process.

Item Type: Article
Official URL: http://www.sweetandmaxwell.co.uk/Catalogue/Journal...
Additional Information: © 2008 Sweet & Maxwell and its contributors
Library of Congress subject classification: K Law > K Law (General)
Sets: Departments > Law
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 06 Oct 2008 08:40
URL: http://eprints.lse.ac.uk/17806/

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