An evergreen in 30 years, now in its 20th edition Sealy & Milman: Annotated Guide to the Insolvency Legislation 2017 has recently been published. From persons I know in UK’s legal and accountancy practice, Sealy and Milman is regarded as a standard reference work in insolvency practice. The blue book (the predominant colour used on its cover over the last 20 years) contains 2 Volumes, with in all some 2800 pages, and the present edition contains the greatest single change to national (England and Wales) insolvency legislation of this century, especially with the introduction of the Insolvency (England and Wales) Rules 2016 (SI 2016/1024).
The method used for the treatment of topics is that legislative texts are followed by annotations to provide background, comment and assistance for practitioners. Like others, this edition generally provides annotated commentary and clarification on the legal and practical implications of the insolvency legislation, whilst many additional statutes and regulations have also been reproduced. Readers should have all the information in one reliable source. The core of Volume I is the Insolvency Act 1986 and the Rules 2016 mentioned. Volume 2 covers among others the Company Directors Disqualification Act 1986, the EU Regulation on Insolvency Proceedings 2015 (2015/848), the UNCITRAL Model Law on Cross-Border Insolvency and the Cross Border Insolvency Regulations 2006. It also includes the text, in whole or in part, of over 20 Acts, over 50 Statutory Instruments and a number of practice directions.
Compared to German and Dutch equivalents, the annotations, for instance, to the Recast EU Insolvency Regulation 2015 (in the book abbreviated as ‘EURIP’) are rather limited, many times grouped around a set of articles or a Chapter, not the individual articles themselves and mainly focused on English sources. However, I see Sealy and Milman cited in English court cases several times, as well as for instance in cases decided in Northern Ireland or by the High Court of Ireland. This confirms that Sealy & Milman’s books and their commentary offer guidance to judges and practitioners alike.
Sealy & Milman: Annotated Guide to the Insolvency Legislation 2017, 2 volumes.
Ordering information: http://www.sweetandmaxwell.co.uk/Catalogue/ProductDetails.aspx?productid=719328&recordid=7084