LL4402



Corporate Insolvency Law

Insolvency law is relevant to virtually all aspects of commercial activity involving the provision of credit. This course will explore its key concepts in the context of a winding up u the moratorium, powers of recovery, the pari passu principle, the external manager, avoidance of transactions, proof of debts and set-off. We will then review receivership, judicial management and schemes of arrangement as alternative procedures to the liquidation of a company in a winding up. We conclude with a brief examination of informal debt restructurings. This course will be taught principally through seminars for which prior preparation and participation are required.

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