International Corporate Rescue
Journal Issues
- Vol 1 (2004)
- Vol 2 (2005)
- Vol 3 (2006)
- Vol 4 (2007)
- Vol 5 (2008)
- Vol 6 (2009)
- Vol 7 (2010)
- Vol 8 (2011)
- Vol 9 (2012)
- Vol 10 (2013)
- Vol 11 (2014)
- Vol 12 (2015)
- Vol 13 (2016)
- Vol 14 (2017)
- Vol 15 (2018)
- Vol 16 (2019)
- Vol 17 (2020)
- Issue 1
- Issue 2
- Issue 3
- Issue 4
- Issue 5
- Issue 6
- Vol 18 (2021)
- Vol 19 (2022)
- Vol 20 (2023)
- Vol 21 (2024)
- Vol 22 (2025)
Vol 17 (2020) - Issue 6
Article preview
Government Reforms to Pre-pack Sales to a Connected Party in Administration
Edward Lewis, Associate, Chris Mo, Trainee Solicitor, and Richard Tett, Partner, Freshfields Bruckhaus Deringer LLP, London, UKSynopsis
Pre-pack sales have always been controversial in some circles. On 8 October 2020, the UK Government published draft regulations on connected party prepack sales in administration. With the cold economic headwinds brought about by COVID-19, the need for business rescue tools that are fair, transparent and value-preserving has become ever more pressing. In this article, we discuss the legislative proposals that have been tabled regarding pre-packs, and our thoughts on how the new regulations will work in practice. In summary, we consider the proposals to be broadly sensible and proportionate, striking a reasonable balance between creditor protection and the need for an efficient and effective corporate rescue tool.
Get instant access to this article for only EUR 55 / USD 60 / GBP 45
Get instant access to this issue for only EUR 175 / USD 230 / GBP 155
Subscribe to the journal and recieve a hardcopy for
EUR 730 / USD 890 / GBP 560
log In here
Copyright 2006 Chase Cambria Company (Publishing) Limited. All rights reserved.
