SolvedCrossheading Deemed debt releases on impaired debts becoming held by connected company
From legislation.gov.uk
Contents
- Section 361 Acquisition of creditor rights by connected company at undervalue
- Section 361A The corporate rescue exception
- Section 361B The debt-for-debt exception
- Section 361C The equity-for-debt exception
- Section 361D Corporate rescue: debt released shortly after acquisition
- Section 362 Parties becoming connected where creditor's rights subject to impairment adjustment etc
- Section 362A Corporate rescue: debt released shortly after connection arises
- Section 363 Companies connected for sections 361 to 362A
- Section 363A Arrangements for avoiding section 361 or 362