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    Pre-packaged Administrations - Trick or Treat?

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    Authors
    Walton, Peter
    Issue Date
    2006
    
    Metadata
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    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)
    Citation
    Insolvency Intelligence, 19(8): 113-122
    Publisher
    Sweet and Maxwell Ltd.
    Journal
    Insolvency Intelligence
    URI
    http://hdl.handle.net/2436/26332
    Additional Links
    http://www.sweetandmaxwell.co.uk/Catalogue/JournalDetail.aspx?prodid=6958
    Type
    Journal article
    Language
    en
    ISSN
    ISSN 0950-2645
    Collections
    Faculty of Social Sciences

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