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Archive for May 2011

Government’s Pre-Pack Administration Reforms Too Soft

A few weeks ago, the Parliamentary Under-Secretary of State responsible for the insolvency regime, Ed Davey, unveiled a series of proposals aimed at reforming ‘pre-pack’ administrations. These include forcing insolvency practitioners (IPs) to give creditors prior warning about the sale of significant proportions of a company’s assets to a connected party. Under the terms of…

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