Our Opinion - AGCC Bulletin May 2021
Published: May 4, 2021
Changes to law on “pre-packs” wide of the mark?
The term “pre-pack” is used when a company is put into administration and its business and/or assets immediately sold by the administrator under a sale that was arranged before the administrator was appointed. The main criticisms of pre-packs centre around a lack of transparency and fairness …
Callum Armstrong, Associate looks at the new rules on pre-pack sales that came into force on 30 April 2021 and considers whether they are likely to make a practical difference.
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