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Cork scored 2-4 to Kilkenny’s 0-2 in extra time. The replay was attended by a large crowd (it was claimed that all three semi-finals had record attendances for this stage but records are incomplete) and finished Cork 5-4 to 3-10 before 20 minutes of extra time was required to separate the sides. Three first half goals by helped Cork draw with Kilkenny, for whom scored 1-10 and equalised from a sideline ball 25 yards from the left corner flag three minutes from the end, the third draw in the championship between the teams since 1974.Ĭathy Landers had to score a point from midfield to give Cork victory, just as Helena O'Neill had been faced with a similar free to equalise in 1974.

Early rounds scored 1-6 and another goal as Dublin withstood a late Limerick comeback to win the semi-final by three points.

He had informed the press, on the establishment of his committee, that many more companies could be saved if outside administrators could be brought into the process.

Creditors be given a greater voice in the choice of the liquidator and new penalties and constraints be placed on errant directors.Ĭork also proposed reforms designed to increase the survival chances of firms in difficulties. Professional regulation Cork recommended that private insolvency practitioners should be professionally regulated to ensure adequate standards of competence and integrity. Floating charges It also said there was no place for automatic crystallisation of ‘in modern insolvency law’, on the basis that it would adversely affect other creditors and that the charge did not need to be registered. Cork advocated that the law should encourage a 'rescue culture', to restore companies back to profitability, which would be in the longer term interests of creditors. ” Recommendations Rescue culture The central argument of the report was that too many companies were simply left to die, when they could be revived, saved or brought to a close in a more orderly way.

Principles The two key principles suggested by Cork were: “ Insolvency laws were treated by the trading community as an instrument in the process of debt recovery and constitute in many cases, the sanction of last resort for the enforcement of obligations Insolvency laws were the means by which the demands of commercial morality can be met, through the investigation and the disciplinary measures and restrictions imposed on the bankrupt.

An error occurred while setting your user cookie. Report of the Review Committee on Insolvency Law and Practice (1982) Cmnd 8558, also known as the 'Cork Report' was an investigation and.

Recently been made explicit in the Cork Report (1982). North-Holland EMPIRICAL MODELS FOR THE MONITORING OF UK CORPORATIONS.

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