Act comes to the rescue
Series: Construction News ; (6842) 13 November 2003, 25(1)Publication details: 2003Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS67311 (Browse shelf(Opens below)) | 1 | Available | 124610-1001 |
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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.