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Greensill Capital and the Use of the Administration Process in UK Company Law: An Incomplete Case Study

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Greensill Capital and the Use of the Administration Process in UK Company Law: An Incomplete Case Study. / Ellina, Sofia; Milman, David.
In: Law and Financial Markets Review, Vol. 17, No. 4, 31.10.2024, p. 257-271.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Ellina, S & Milman, D 2024, 'Greensill Capital and the Use of the Administration Process in UK Company Law: An Incomplete Case Study', Law and Financial Markets Review, vol. 17, no. 4, pp. 257-271. https://doi.org/10.1080/17521440.2024.2403401

APA

Ellina, S., & Milman, D. (2024). Greensill Capital and the Use of the Administration Process in UK Company Law: An Incomplete Case Study. Law and Financial Markets Review, 17(4), 257-271. https://doi.org/10.1080/17521440.2024.2403401

Vancouver

Ellina S, Milman D. Greensill Capital and the Use of the Administration Process in UK Company Law: An Incomplete Case Study. Law and Financial Markets Review. 2024 Oct 31;17(4):257-271. Epub 2024 Oct 30. doi: 10.1080/17521440.2024.2403401

Author

Ellina, Sofia ; Milman, David. / Greensill Capital and the Use of the Administration Process in UK Company Law : An Incomplete Case Study. In: Law and Financial Markets Review. 2024 ; Vol. 17, No. 4. pp. 257-271.

Bibtex

@article{e093acf9f47b43159a43493544950574,
title = "Greensill Capital and the Use of the Administration Process in UK Company Law: An Incomplete Case Study",
abstract = "This paper examines the Greensill collapse, with a central focus on the UK company administration procedure under the Insolvency Act 1986, exploring its broader implications for international corporate finance regulation. It analyses the events leading to Greensill{\textquoteright}s collapse and the challenges encountered during the administration process, shedding light on stakeholder rights and the delicate balance between national and international legal frameworks. This case illustrates the intricacies of contemporary administration practices, demonstrating how administration can serve as both a rescue mechanism and as a tool for a more efficient liquidation, aimed at maximising asset value to provide better dividends for creditors. Ultimately, the paper underscores the risks inherent in financial innovation, offering lessons for the ongoing evolution as regards to the usage of administration. As the Greensill saga continues, the paper anticipates future developments, emphasising the need for systematic understanding and vigilance in complex financial scenarios.",
author = "Sofia Ellina and David Milman",
year = "2024",
month = oct,
day = "31",
doi = "10.1080/17521440.2024.2403401",
language = "English",
volume = "17",
pages = "257--271",
journal = "Law and Financial Markets Review",
publisher = "Taylor & Francis",
number = "4",

}

RIS

TY - JOUR

T1 - Greensill Capital and the Use of the Administration Process in UK Company Law

T2 - An Incomplete Case Study

AU - Ellina, Sofia

AU - Milman, David

PY - 2024/10/31

Y1 - 2024/10/31

N2 - This paper examines the Greensill collapse, with a central focus on the UK company administration procedure under the Insolvency Act 1986, exploring its broader implications for international corporate finance regulation. It analyses the events leading to Greensill’s collapse and the challenges encountered during the administration process, shedding light on stakeholder rights and the delicate balance between national and international legal frameworks. This case illustrates the intricacies of contemporary administration practices, demonstrating how administration can serve as both a rescue mechanism and as a tool for a more efficient liquidation, aimed at maximising asset value to provide better dividends for creditors. Ultimately, the paper underscores the risks inherent in financial innovation, offering lessons for the ongoing evolution as regards to the usage of administration. As the Greensill saga continues, the paper anticipates future developments, emphasising the need for systematic understanding and vigilance in complex financial scenarios.

AB - This paper examines the Greensill collapse, with a central focus on the UK company administration procedure under the Insolvency Act 1986, exploring its broader implications for international corporate finance regulation. It analyses the events leading to Greensill’s collapse and the challenges encountered during the administration process, shedding light on stakeholder rights and the delicate balance between national and international legal frameworks. This case illustrates the intricacies of contemporary administration practices, demonstrating how administration can serve as both a rescue mechanism and as a tool for a more efficient liquidation, aimed at maximising asset value to provide better dividends for creditors. Ultimately, the paper underscores the risks inherent in financial innovation, offering lessons for the ongoing evolution as regards to the usage of administration. As the Greensill saga continues, the paper anticipates future developments, emphasising the need for systematic understanding and vigilance in complex financial scenarios.

U2 - 10.1080/17521440.2024.2403401

DO - 10.1080/17521440.2024.2403401

M3 - Journal article

VL - 17

SP - 257

EP - 271

JO - Law and Financial Markets Review

JF - Law and Financial Markets Review

IS - 4

ER -