A shareholders agreement is a private contract between a company’s shareholders. It sets out how the company runs, the rights and obligations of its shareholders and how shares are managed. Although shareholders’ agreements are not legally...
Administration is a formal insolvency procedure whereby an insolvency practitioner is appointed by either the directors, the company or the holder of a qualifying floating charge (usually the bank or other financial institution).
An administration usually allows the business to continue trading throughout the process and provides protection against any enforcement action taken by creditors.
