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Wolverhampton Intellectual Repository and E-Theses > School of Law, Social Sciences and Communications > School of Legal Studies > Legal Studies Research Group  > Pre-packaged Administrations - Trick or Treat?

Please use this identifier to cite or link to this item: http://hdl.handle.net/2436/26332
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Title: Pre-packaged Administrations - Trick or Treat?
Authors: Walton, Peter
Citation: Insolvency Intelligence, 19(8): 113-122
Publisher: Sweet and Maxwell Ltd.
Journal: Insolvency Intelligence
Issue Date: 2006
URI: http://hdl.handle.net/2436/26332
Additional Links: http://www.sweetandmaxwell.co.uk/Catalogue/JournalDetail.aspx?prodid=6958
Abstract: Discusses how the US idea of pre-packaged, or execution only, administration has been approached in the UK, involving deals that have already been agreed before a company enters administration. Comments on the use of pre-packs in the US. Explores the use of pre-packs in the UK and the possible grounds for challenging their existence, focusing on: (1) whether the Insolvency Act 1986 permits pre-packed administration; (2) the possibility that pre-packs may cause administrators to act in breach of duties, including statutory duties and conflict of interest issues; and (3) whether fees for pre-administration work could be claimed as expenses of the administration. (Legal Journals Index)
Type: Article
Language: en
Keywords: Insolvency
Insolvency Act 1986
Enterprise Act 2002
Insolvency Rules 1986
Breach of fiduciary duty
Breach of statutory duty
Conflict of interest
Administrators powers and duties
Expenses
Fees
UK
USA
Company administration
Pre-packaged administration
ISSN: ISSN 0950-2645
Appears in Collections: Legal Studies Research Group
Legal Studies Research Group

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