Where lenders rely on floating charge security to make recoveries from companies in administration, some recent cases have massively increased the potential for administration expenses to swallow up those recoveries. The more well-known cases could just be the start. So, what are the potential risks? What can lenders do in the face of the law as it currently stands? What is going to happen next?

The Nortel decisions

Below are the 6 key points that you need to consider when health and safety issues arise following an appointment to an insolvent company.

1. What is the main legislation covering this area?

There are two distinct areas dealt with by detailed but separate legislation.