09Nov
Pre-Pack Administration
Control over pre-packs looks set to tighten further - As we stand looking into the abyss of another financial crisis, the UK government looks set to further tighten the screw to control pre-packaged sales to connected parties. The writing has been on the wall since Theresa Graham’s 2014 report on sales to connected parties – although the government hoped it might do enough with the introduction of the pre-pack pool, it reserved the right to take further steps if deemed necessary. With very low...
By:
Allen & Overy LLP
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