Legal News for UK Co-ops and Mutuals

This is a blog where brief information about developments in UK Co-op and mutual law will be reported. Readers of this blog will also find Linda Barlow's Co-operatives UK Blog at helpful. For an network of academics working on co-ops, mutuals and social enterprises visit

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Location: Leicestershire, United Kingdom

Interested in sharing information and knowledge around legal issues for co-ops and social enterprises in the co-oplawnews blog and thoughts on random issues in the "real" blog.

Wednesday, September 18, 2013

New Submission on Detail of Applying Insolvency to Co-ops

I have just sent HM Treasury this extra response to detailed questions they raised about applying the administration procedure to IPS's.
The main issues concerned credit unions and other societies (if any) operating as deposit takers. I argue that only shareholder depositors in those societies should have the status of creditors in an administration. Other society members should not be treated as creditors but as owner-members as would be the case in a company.

© Ian Snaith 2013 This work is licensed under the Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 2.0 UK: England & Wales License.


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