Civil Fraud

Book excerpt: Lightman & Moss, as it is commonly known, is an authority on the law of receivers and administrators of companies and explains the principles clearly, legislation and case law that shapes receivership and administration practice and highlights recent developments in this area, giving guidance to help clarify areas of uncertainty and ensures that technical issues are more readily understood . It goes through procedure for appointment of receivers and administrators, sets out duties and liabilities of receivers and administrators, deals with continuation of trading, disposals and reorganisations, liquidation and receivership, considers issues relating to taxation, leases, set-off and liens, pensions and employees, covers the position of bankers and creditors, addresses the removal, resignation, termination and discharge of directors and examines the case law generated under the new insolvency regime