Part 11 – Winding Up

21-01-2014

Part 11 of the Companies Act 2014 consolidates and modernises much of the law relating to the winding up of companies.

The Part seeks to introduce greater consistency between the three different methods of winding up (members’ voluntary, creditors’ voluntary and official). One of the objectives is to align Court-initiated liquidations with creditors’ voluntary windings up so as to reduce the Court’s supervisory involvement. It also sets out a number of additional reforms.
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