Insolvency & Restructuring News

Revised SIP 13 issued

22/11/16

A revised SIP 13 has been issued, which will come into effect on 1 December 2016. SIP 13 relates to disposal of assets to connected parties in personal and corporate insolvency process (other than MVLs). The revised SIP follows the key compliance standards model adopted in recent SIPs (including last year's revised SIP 16).

SIP 13


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Recent Bulletins

A key service provided by the ILA is the provision of bulletins keeping its membership up-to-date with the latest developments in insolvency law.

Below are a selection of recent topics covered:

  • Esken Limited – interaction of para 83 Sched B1 and s221(4) IA 1986
  • English v SoS for Business & Trade – third exception to s216(3): r22.7 applies only to incorporated entities
  • Eversholt Rail – need for “reasonable requirement” under s235 and 236