Act comes to the rescue
Winter, J.
Act comes to the rescue - 2003 - Construction News (6842) 13 November 2003, 25(1) .
Examines how the Enterprise Act 2002 changes UK corporate insolvency law. The legislation abolishes the right of a bank to appoint an administrative receiver. It will ensure the survival of more firms through administration. The Act also abolishes the preferred status of the Inland Revenue, Customs and Excise and Social Security contributions, which will be beneficial to construction companies. A proportion of the available proceeds will be ring-fenced for the settlement of unsecured creditors.
ENTERPRISE ACT 2002
Insolvency
Act comes to the rescue - 2003 - Construction News (6842) 13 November 2003, 25(1) .
Examines how the Enterprise Act 2002 changes UK corporate insolvency law. The legislation abolishes the right of a bank to appoint an administrative receiver. It will ensure the survival of more firms through administration. The Act also abolishes the preferred status of the Inland Revenue, Customs and Excise and Social Security contributions, which will be beneficial to construction companies. A proportion of the available proceeds will be ring-fenced for the settlement of unsecured creditors.
ENTERPRISE ACT 2002
Insolvency