Transaction Avoidance in Insolvencies

by Parry, Rebecca; Ayliffe QC, James; Shivji, Sharif; Anderson, Hamish; Trower QC, William

• ISBN13: 9780199583799
• ISBN10: 019958379X
• Edition: 2nd
• Format: Hardcover
• Copyright: 2011-04-30
• Publisher: Oxford University Press

Summary

This new edition ofTransaction Avoidance in Insolvenciesconsiders a range of practical issues that arise in a typical transaction avoidance case as well as all the possible ways in which a vulnerable transaction might be attacked, in recognition of the fact that the provisions contained in the Insolvency Act 1986 might not always be the only possibilities available. Fully updated to cover legislative amendments arising from the Enterprise Act 2002 and the Companies Act 2006, as well as coverage of the 2009 changes to Insolvency Rules 1986, the book provides a timely resource for insolvency practitioners following the upturn in insolvency cases brought about by the economic crisis. Including new specialist material on property-related aspects and on transactions involving complex financial structures including swaps and derivatives, this book is essential reading for insolvency practitioners as well as company directors, banks, academics and postgraduate students of insolvency law.

Author Biography

Rebecca Parry is a professor at Nottingham Law School, Nottingham Trent University, specializing in corporate insolvency law. James Ayliffe QC is at Wilberforce Chambers and has a particular expertise in real estate related insolvency. Sharif Shivji is a leading junior at 4 Stone Buildings specializing in insolvency and as a former derivatives trader has specialist knowledge of the financial markets. Sebastian Allen is a commercial barrister at Wilberforce Chambers. Emily Campbell is a barrister at Wilberforce Chambers with an expertise in pension schemes. William Trower QC of 3-4 South Square specializes in corporate insolvency. Hamish Anderson is an insolvency partner at Norton Rose LLP.

Table of Contents

A. Introduction
1: Rebecca Parry: The rationale of transaction avoidance
B. Avoidance laws applicable in insolvency
2: Rebecca Parry & Sharif Shivji: Post petition dispositions
3: Rebecca Parry & Sharif Shivji: Transactions at an undervalue
4: Rebecca Parry & Sharif Shivji: Preferences
5: Rebecca Parry: Extortionate credit transactions
6: James Ayliffe: Disclaimer
7: Rebecca Parry: Unenforceable liens
8: Rebecca Parry: Avoidance of general assignments of book debts
9: James Ayliffe: Transactions defrauding creditors
10: Rebecca Parry & Sharif Shivji: Conflict with the pari passu principle
C. Issues peculiar to bankruptcy
11: Rebecca Parry: Matrimonial homes
12: Rebecca Parry: Concurrent bankruptcy and divorce proceedings
13: Emily Campbell & James Ayliffe: Pensions
D. Issues peculiar to corporate insolvency
14: Rebecca Parry: Floating charge avoidance: Non registration
15: Rebecca Parry: Floating charge avoidance: Late execution
16: Rebecca Parry: Avoidance powers under the Companies Act 2006
17: Rebecca Parry: Misfeasance
E. Cross border transaction avoidance
18: Rebecca Parry: Transaction avoidance in Scotland
19: Rebecca Parry: Cross border considerations
F. Practical issues
20: Sebastian Allen & James Ayliffe: Evidence gathering
21: Rebecca Parry & Sharif Shivji: Overlap with other proceedings
22: James Ayliffe: Limitation periods
23: Rebecca Parry: Destination of proceeds of transaction avoidance
A. Introduction
1. The rationale of transaction avoidance, Rebecca Parry
B. Avoidance laws applicable in insolvency
2. Post petition dispositions, Rebecca Parry & Sharif Shivji
3. Transactions at an undervalue, Rebecca Parry & Sharif Shivji
4. Preferences, Rebecca Parry & Sharif Shivji
5. Extortionate credit transactions, Rebecca Parry
6. Disclaimer, James Ayliffe
7. Unenforceable liens, Rebecca Parry
8. Avoidance of general assignments of book debts, Rebecca Parry
9. Transactions defrauding creditors, James Ayliffe
10. Conflict with the pari passu principle, Rebecca Parry & Sharif Shivji
C. Issues peculiar to bankruptcy
11. Matrimonial homes, Rebecca Parry
12. Concurrent bankruptcy and divorce proceedings, Rebecca Parry
13. Pensions, Emily Campbell & James Ayliffe
D. Issues peculiar to corporate insolvency
14. Floating charge avoidance: Non registration, Rebecca Parry
15. Floating charge avoidance: Late execution, Rebecca Parry
16. Avoidance powers under the Companies Act 2006, Rebecca Parry
17. Misfeasance, Rebecca Parry
E. Cross border transaction avoidance
18. Transaction avoidance in Scotland, Rebecca Parry
19. Cross border considerations, Rebecca Parry
F. Practical issues
20. Evidence gathering, Sebastian Allen & James Ayliffe
21. Overlap with other proceedings, Rebecca Parry & Sharif Shivji
22. Limitation periods, James Ayliffe
23. Destination of proceeds of transaction avoidance, Rebecca Parry