Insolvency Law for Contract Lawyers - Webinar

This new webinar will consider how contract lawyers need to know three things about insolvency.

The first is what happens generally when someone is sequestrated or a company is wound up.

The second is how a seller’s position may be affected by the buyer’s insolvency – and how the seller can protect himself.

The third is how the buyer may be affected by the seller’s insolvency – and how the buyer can protect himself. 

Add to the mix a few problems arising from the Sale of Goods Act 1979, the use of diligence and the rights of secured creditors.

This webinar explores the following topics

• the basic rules relating to sequestration
• the basic rules relating to winding-up
• rights of secured creditors against debtors and wound-up companies
• rights of unsecured creditors
• the position of sequestrated debtors 
• the potential liability of directors of wound-up companies
• how diligence can protect a creditor’s position even if a debtor or company becomes insolvent
• how a seller can protect himself from the risk of the buyer’s insolvency
• the very limited rights of a buyer against an insolvent seller
• the difficulty of long-term liabilities
• the reality of insolvency – tears before bedtime