United Kingdom insolvency law regulates companies in the United Kingdom which are unable to repay their debts. While UK bankruptcy law concerns the rules for natural persons, the term insolvency is generally used for corporations formed under the Companies Act 2006. The main sources of law include the Insolvency Act 1986, the Insolvency Rules 1986, the Company Director Disqualification Act 1986, the Employment Rights Act 1996 Part XII, the Insolvency Regulation (EC) 1346/2000 and case law. Numerous other Acts, statutory instruments and cases relating to labour, banking, property and conflicts of laws also shape the subject.
Read more about United Kingdom Insolvency Law: History, Corporate Insolvency, Secured Lending, Procedures, Increasing Assets, Labour Law, International Insolvency, Theory, See Also
Famous quotes containing the words united, kingdom and/or law:
“Emblem: the carapace of the great crowned snail is painted with all the flags of the United Nations.”
—Mason Cooley (b. 1927)
“Then people will come from east and west, from north and south, and will eat in the kingdom of God.”
—Bible: New Testament, Luke 13:29.
“There is a law in each well-ordered nation
To curb those raging appetites that are
Most disobedient and refractory.”
—William Shakespeare (1564–1616)