5 Elements for Chinese Companies trading into the UK: Part (1)，(4) &(5)
摘要
In our work with international companies supplying goods to the UK, we see the same issues arising regularly. This articles explain the significant powers that arise for the insolvency practitioner on the entry into insolvency: to investigate propriety and recover assets to the central pool to pay creditors. An insolvency practitioner (an“IP”) (whether liquidator or administrator) may apply to the Court to set aside certain transactions that took place before a company entered insolvency. This articles also explain the options to get paid by an insolvent customer, completing the business as usual cycle of supply and payment. The IP has wide powers to investigate the insolvent company’s affairs, commence actions and recover assets for the benefit of all creditors so creditors should consider sharing information about the insolvent company and its directors that would assist the IP.
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