SIP 14B ‘A receiver’s responsibility to preferential creditors – Republic of Ireland’

Dec 20, 2017

The main purpose of this SIP is to govern assignments where the practitioner is appointed as receiver over assets of a company which are subject to a floating charge and, at the date of appointment, the company is not being wound up.  The SIP has been updated to address the requirements of the Companies Act 2014.  The SIP is effective for assignments commencing on or after 1 January 2018.

The SIP has been prepared in consultation with the CCAB-I Insolvency Committee and is available here.