The latest on the Small Business, Enterprise and Employment Act 2015: Restructuring and Insolvency

More important changes to the Insolvency Act 1986 (IA86) and other insolvency- related legislation come into force this week (1 October 2015) as a result of the Small Business, Enterprise and Employment Act 2015 …

12 October, 2015

More important changes to the Insolvency Act 1986 (IA86) and other insolvency- related legislation come into force this week (1 October 2015) as a result of the Small Business, Enterprise and Employment Act 2015 (SBEEA 2015). We have updated our Implementation Timetable to reflect the changes.

Administrators now have the power to issue proceedings for wrongful or fraudulent trading.

S117 SBEEA 2015 brings in line the powers of liquidators and administrators to bring such proceedings and inserts new s246ZA, s246ZB and s246ZC into the IA86.¾ Read more…

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