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Corporate insolvency in the United Kingdom: the impact of the Enterprise Act 2002

Abstract:

With effect from September 15, 2003, the Enterprise Act made significant changes to the governance of corporate rescue procedures in the United Kingdom which involved a shift away from a "concentrated creditor" model of governance towards a "dispersed creditor" model of governance which vests greater control rights in unsecured creditors collectively. These changes were motivated by fairness and efficiency concerns, notably the concern that the UK's administrative receivership procedure was n...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Publisher's Version

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Publisher copy:
10.1515/ECFR.2008.148

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Department:
Oriel College
Walters, A More by this author
Publisher:
De Gruyter Publisher's website
Journal:
European Company and Financial Law Review Journal website
Volume:
5
Issue:
2
Publication date:
2008-06-01
DOI:
Pubs id:
pubs:601109
URN:
uri:ec6de5eb-bdb1-46af-9348-c069b672f493
UUID:
uuid:ec6de5eb-bdb1-46af-9348-c069b672f493
Local pid:
pubs:601109

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