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 …
These are challenging times and the raft of support measures introduced by the government are very welcome. There are other measures that can help protect your business. Caveats act as an early-warning system in the event that certain types of action are raised at Court in Scotland against your business without your knowledge. They should therefore be considered as an integral tool of any business risk management strategy.
