Statutory Demands & The Implications of CIGA - The Current Position
One of the implications of the Corporate Insolvency and Governance Act has been that statutory demands have been essentially useless for most of the past 12 months.
However, this was always meant to be introduced as a temporary ban only and so when statutory demands do come back into force, creditors and debtors need to be ready.
This new virtual classroom seminar will prepare you for just that, as well as providing a general ‘refresher’ on all things statutory demand related.
You will take an in-depth look at the statutory demand, the pros and cons of its use, and what you need to be aware of when you issue it or, indeed, if you receive it.
The session is recommended for legal professionals who wish to improve their knowledge of the statutory demand, its process of use, and its implications.
What You Will Learn
This live and interactive session will cover the following:
- What is a statutory demand? When can it be used? And what are the repercussions if you use it incorrectly?
- Is a statutory demand necessary or recommended in every instance of debt recovery?
- How do the courts look upon statutory demands?
- If, and how, CIGA has impacted the statutory demand
- Case law update
Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.