Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Administration definition

What does Administration mean? Administration is a corporate insolvency procedure used to protect and stabilise a financially distressed company while an independent insolvency practitioner (the administrator) takes control to pursue rescue or a better return to creditors than liquidation. It is a statutory process in England and Wales and Scotland under the Insolvency Act 1986, Schedule B1, and in Northern Ireland under the Insolvency (Northern Ireland) Order 1989, Schedule B1. Key features include an immediate moratorium on most creditor enforcement, displacement of the directors’ management powers, and appointment either by court order or out of court by the company, its directors or...

Scotland: administrations under the Insolvency (Scotland) (Company Voluntary Arrangements and Administration) Rules 2018, Part 3 – practitioners’ guide to appointments, proposals, expenses, committees, remuneration, distributions, extensions and ending

Published by a LexisNexis Restructuring & Insolvency expert

Practice notes

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For the impact of Brexit on Scottish procedures, see Practice Note: Table showing impact of Brexit on jurisdiction to commence insolvency/restructuring proceedings and obtain recognition in other EU Member States.

This Practice Note deals with Administrations as provided for in Part 3 of the Insolvency (Scotland) (Company Voluntary Arrangements and Administration) Rules 2018 (ISCVAAR 2018), SI 2018/1082. The ISCVAAR 2018 came into force on 6 April 2019, as did the Insolvency (Scotland) (Receivership and Winding Up) Rules 2018 (ISRWR 2018), SSI 2018/347.

The existence of two instruments reflects the devolution settlement and the divided responsibilities of the Scottish and UK parliaments over corporate insolvency. Consequently, a number of provisions in each set are counterparts of one another.

ISCVAAR 2018, SI 2018/1082, together with ISRWR 2018, SSI 2018/347, were designed to modernise and consolidate the Insolvency (Scotland) Rules 1986 (ISR 1986), SI 1986/1915, the subsequent amending statutory instruments made since the ISR 1986 took effect, and the Receivers (Scotland) Regulations 1986 (RSR 1986), SI 1986/1917. Subject to limited transitional provisions, ISCVAAR 2018 and ISRWR 2018 have entirely superseded the ISR...

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Louise Laing

Solicitor, Burness Paull

Louise is a Senior Associate in the Restructuring and Insolvency team at Brodies LLP. She has extensive experience in corporate restructuring and insolvency work, having specialised in the area for over 15 years (including a secondment to a financial institution). Louise has been involved in a number of high-profile formal insolvency appointments and multi-jurisdictional cases. She regularly advises insolvency practitioners on a wide range of insolvency issues in administrations, liquidations and receiverships and has acted for a number of administrators in achieving objective one: rescuing the company as a going concern.Louise has particular experience of advising banks and other lenders in relation to security enhancement and enforcement and formal insolvency strategies and appointments. She also has experience in relation to loan and security acquisition transactions and enforcement following on therefrom. Louise also advises corporates and directors in times of financial difficulty and acts for clients...

Web page updated on 21/05/2026

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