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Level 5 Diploma in Law

Winding up: members' and creditors' voluntary liquidation, compulsory winding up (s124 IA 1986), priority of creditors

LAW503 · Company Law and Corporate Governance — Week 10 of 16

CourseLAW503
Week10 of 16
SemesterI
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This week’s topics

Winding up: members' and creditors' voluntary liquidation, compulsory winding up (s124 IA 1986), priority of creditors

  1. Winding up: members' and creditors' voluntary liquidation, compulsory winding up (s124 IA 1986), priority of creditors
  2. Avoidance provisions and officers' liability

What you will be able to do

  • 3.3 Explain the term 'winding up'.
  • 3.4 Analyse the avoidance provisions and potential liability of company officers.

Activity

Seminar, guided reading and a short written task: explain the term 'winding up'.

Study materials

The teaching notes, exercises and videos of this week are in the student portal. Your portal is set up as soon as you receive final acceptance, so you can open them before the semester starts.
Week 9Week 11
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Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Types of company
  • Week 2: Separate personality: Salomon v Salomon & Co Ltd; limited l…
  • Week 3: The Articles of Association and the Memorandum of Associati…
  • Week 4: Corporate governance and accountability: stakeholder v shar…
  • Week 5: Directors and officers: appointment, removal, disqualificat…
  • Week 6: Shares, debentures and class rights
  • Week 7: Insider dealing and market abuse (UK MAR, Criminal Justice …
  • Midterm: Midterm evaluation
  • Week 9: Insolvency and the company voluntary arrangement
  • Week 10: Winding up: members' and creditors' voluntary liquidation, …
  • Week 11: Applying insolvency law to a complex scenario and giving a …
  • Week 12: Applying Company Law and Corporate Governance in practice: …
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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