This is a specific definition within the Insolvency Act 1986 to classify those ‘associated’ with the party subject to the relevant Insolvency Proceeding. It has relevance to certain remedies available to Licensed Insolvency Practitioners.
Associates of individuals include family members, relatives, partners and their relatives, employees, employers, trustees in certain trust relationships, and companies that the individual controls. Associates of companies also include shareholders, directors and other companies under common control.