The Insolvency (Scotland) Rules course
Member price: £144.50 + VAT
Non-member price: £170.00 + VAT
Please note, the ICAS member discount will be applied after checkout.
Perth, 12 March 2019
Edinburgh, 19 March 2019
The Insolvency (Scotland) (Company Voluntary Arrangements and Administration) Rules 2018 and
The Insolvency (Scotland) (Receivership and Winding up) Rules 2018
This course will take a look at the structure of the long-awaited new Scottish rules of which we have two sets. Many have described these changes as the most significant change to insolvency working practices in Scotland in over 30 years. One set covers Administrations and Company Voluntary Arrangements and the other Receiverships and Winding Up. These new rules will replace The Insolvency (Scotland) Rules 1986 and their numerous subsequent amendments. We will look at the changes they will bring and how this will impact on the working practices of the Insolvency Practitioner in Scotland. With over 300 pages of new rules over the two sets of rules and with a modernisation in language and change in structure there is a lot of new information to get to grips with.
The commencement date for these new rules is 06 April 2019. Prior to the commencement date, we now have six months to review, familiarise and plan for the changes. This course aims to help you prepare for the imminent changes these new Scottish rules will introduce, which include:
- The removal of annual meetings
- Remote attendance at meetings which are held
- A move to decision-making procedures
- Electronic communication
- Provisions as regards small claims of creditors
- Opting out for creditors
- A move away from prescribed forms to standard content for gazette notices and to the Registrar of Companies and the Accountant in Bankruptcy
What you will learn
This course will take you through the structure of these two new pieces of legislation and discuss their practical effect, including suggestions on what you need to do to prepare for these changes. The course will also cover what has and hasn’t changed in Scottish Corporate Insolvency and discuss how the language has been modernised.
In addition, it will explain key concepts and how the changes may impact on the way corporate insolvency processes are administered in Scotland.
Who should attend
This course is aimed at licensed Insolvency Practitioners and their staff working in corporate insolvency, seeking to gain a comprehensive understanding of the new Rules. The course will also be of interest to solicitors and other professionals, who provide advice to companies or IPs and who require to understand the implications of these new pieces of legislation.
Full speaker list
Judith Howson LLB (Hons) ACCA MABRP
View full event details
- Walk through the new Scottish Rules and their new structure
- Discussion of what has and hasn’t changed
- Look at where and how the language has been modernised
- Explain key new concepts
- Discuss practical effect and how you might prepare for the introduction of these new rules
Tel: 0330 060 3303