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Insolvency (Scotland) Rules - 6 months on

The long awaited Scottish corporate insolvency rules finally came into effect on 6 April 2019, heralding a modernisation of process and language, and radically altering the way that we communicate with creditors. As always with substantive new legislation, it’s only after it is in force for a while, that issues arise, or interpretations vary.

Description

This course examines the application of the new Rules in practice, and some of the consequences, intended or unintended, of implementation. It is also an opportunity to discuss revised approaches with fellow professionals and explore solutions for any of the difficulties you may have with the new Rules.

CPD Learning Outcomes

IP communications

  • Delivery methods
  • Calculation of notice periods

Court Liquidation:

  • Nomination process
  • Relevant date for claims and the consequence of the change to winding up

CVL

  • Revised appointment procedure
  • Choice of decision procedure leading to appointment
  • SIP 6 requirements in relation to a CVL

MVL

  • Application of Part 7 of the Liquidation Rules and a practical approach to the framework
  • Statutory interest in Scottish MVLs
  • Adjudication of creditor claims in MVLs
  • Conversion of MVL to CVL

Accounting Periods in Liquidation

  • Flexible approach to requesting remuneration
  • Application of new approach to existing cases and view of the courts
  • S204 procedure

Administration

  • Notices in Administration
  • Approval of proposals
  • Approval of remuneration

Who Should Attend

Anyone looking for a comprehensive update on Scottish corporate insolvency matters. Our courses have been developed for anyone who needs to keep abreast of changes to Scottish corporate insolvency legislation and how these will have an impact on how we run our cases on a day-to-day basis.

Cost

Half day course: £155 + VAT

Bespoke Training

We can also run this Rules training in-house for your team. This cost-effective option means everyone benefits from a detailed look at the legislative changes and a clear understanding of the practical statute. Contact us to discuss available dates and a 20% discount if you ran our New Rules training in house earlier this year.

COST : BESPOKE IN-HOUSE

Half day course: £975 + VAT

What our clients say

"Great course and delivery"

"Really useful and informative"

"Very useful"

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