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Essay heading: "Reforms made by the Enterprise Act 2002 to the laws regarding administrative receivership, administration and preferential debt-holding created a fairer and more efficient corporate insolvency regime." Discuss.
 
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Issue: Social Issues
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Date added: October 24, 1999
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No of pages / words: 4 / 1113
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v. Homan) and he or she does not owe the duty act in the interests of the company's creditors as a whole. This creates the problem that floating charge holders were given unhealthy amount of power to secure their own debts and therefore lack of the incentive to rescue a falling company, which resulting many companies close down too soon...
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Also, they do not take into account the interest of unsecured creditors and therefore unsecured creditors are usually left with nothing. After the reform, since the only option for floating charge holders is to appoint administrator and an administrator has to performe his functions in the interests of creditors of the company as a whole (IA 1986, Sch B1, para 3 (2) ), unsecured creditors are expected to be given more of a stake and better prospect of recovery...
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Corporate Duty   HK cross border insolvency regime   Managing Efficient Corporate Discussions   The Collapse Of Enron Seemed To Be A Thumb In The Nose To The Efficient Markets Hypothesis And Agency Theory. Discuss.   Wal-Mart Stores, Inc.: On Becoming the World's Largest Company (2002)     Discuss How Tension Is Created In Romeo And Juliet.   Handmaids tale. Discuss the Contribution made by ONE major characters in a novel you have studied   Corporate Scandals And The Sarbanes-Oxley Act Of 2002   Discuss How The Converging Interests Of Farming Ranching And The Railroad Contributed To The Closing Of The Frontier And The Rise Of Conflicting Interests That Would Strengthen Populism And Lead To Attempts To Address The Abuses Of The Railroads.   Question: Why did the Tsarist regime fall in 1917 despite of the reforms introduced from 1906?   Discuss The Nurses Duty Of Confidentiality   In Iago, Shakespeare has Created an Engaging and Complex Villain who Governs the Actions of the Play. Discuss   Too much of British company law frustrates, inhibits, restricts and undermines. It is over-cautious, placing too high a premium on regulation and avoidance of risk. The company remains the choice of corporate vehicle for over a million businesses,...   "Reforms made by the Enterprise Act 2002 to the laws regarding administrative receivership, administration and preferential debt-holding created a fairer and more efficient corporate insolvency regime." Discuss.  
 
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"Reforms made by the Enterprise Act 2002 to the laws regarding administrative receivership, administration and preferential debt-holding created a fairer and more efficient corporate insolvency regime." Discuss.
v. Homan) and he or she does not owe the duty act in the interests of the company's creditors as a whole. This creates the problem that floating charge holders were given unhealthy amount of power to secure their own debts and therefore lack of the incentive to rescue a falling company, which resulting many companies close down too soon...
4 / 1113