Bringing an administration to an end: considerations for administrators
By Andrew Foyle
A recent opinion by Lord Hodge in the Court of Session has clarified an administrator’s powers and duties in cases where they wish to bring an administration to an end.
In particular, it clarifies where they have achieved a different objective from that approved by the creditors.
It is a Scottish case, but will be persuasive authority south of the border, given the UK-wide applicability of the Insolvency Act 1986 and the fact that Lord Hodge is shortly to be elevated to the UK Supreme Court…
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