Podcast Location:
Download it here [file size: 36.4 MB]
Categories:
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 guide the listener through the stages of decline in the business life cycle. It aims to provide listeners with a means to gather information about a company with which they have a relationship in order to assess its position. It also aims to provide listeners with an outline of what insolvency can mean and how those connected to the company might wish to react to the prospect of its eventual failure.

Outcomes:
After completing the course you will:
  • Understand the stages of a business’ decline;
  • Be aware of the key indicators for underperformance;
  • Be aware of the key indicators for a company in financial distress;
  • Be aware of the indicators of a company that has reached a crisis point in its decline;
  • Understand how to go about assessing the performance of the company using soft and hard sources of industrial intelligence;
  • Be aware of the crucial role directors have in the final stages of corporate decline;
  • Be aware of how to mitigate the risk of being connected to a failing business.
Level:
Intermediate Difficulty: 3 of 5
Classification:
Market Update / Hot Topic
Practical Guide
Sources and References:
  • Insolvency Act 1986 ss 123, s214;
  • Cornhill Insurance plc v Improvement Services Limited [1986] 1 WLR 114;
  • BNY Corporate Trustee Services Ltd v Eurosail-UK 2007-3BL plc and others [2010] EWHC 2005 (Ch;
  • Companies Act 2006 ss 860-874.
Tags:

This podcast charts the decline of a company from underperformance, through financial distress to insolvency. It will address how to spot the key indicators of a business in difficulty, how to get the information to assess how serious a business' difficulties are, and provide an overview of what insolvency means and how to react to it.

Podcast last reviewed: 2012-02-27

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