Podcast Location:
Download it here [file size: 24.7 MB]
Categories:
Employment Law
Corporate & Commercial Law
Insolvency & Restructuring
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast aims to offer a practical overview of the process and considerations when seeking to purchase or acquire rights from an administrator or liquidator of an insolvent company. It explains what happens when a company goes into administration and how administrators are appointed. It also considers the process of acquiring employees before addressing the various issues that a buyer will need to be aware of when purchasing a business out of administration.

Outcomes:
After completing the course you will:
  • Understand what happens when a company goes into administration;
  • Be aware of the two different models which are used when a company goes into administration;
  • Have considered the administrator’s role and purpose;
  • Be aware of the process of acquiring a business from a company in administration;
  • Have considered what happens to the seller’s premises;
  • Be aware of what happens to the employees of a company acquired through administration;
  • Understand the VAT and tax implications of buying a business out of administration;
  • Have considered how administrators are appointed;
  • Be aware of what the sale contract of an insolvent business will include.
Level:
General Interest Difficulty: 2 of 5
Classification:
Legal Principles
Market Update / Hot Topic
Sources and References:
  • .

In this podcast, Giles Boothman a solicitor from Ashurst discusses the process by which a purchaser can acquire assets from a company that is in administration.

NEW! TRANSCRIPT INCLUDED IN ADDITIONAL INFORMATION

Date Recorded: 12th November 2012

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