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…
If you are registered and logged in to the site, click on the link below to read the rest of the Shoosmiths briefing. If not, please register or sign in with your details below.
News from Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
These days, it seems as if every passing week brings with it a new story in the press about the legal risks of engaging with social media.
It is important to know what changes have been made to the statutory regime for succession to a tenancy when a tenant dies.
Analysis from The Lawyer
Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future
There’s more to the ABS model than attracting the man in the street and procuring external investment. Partners at the big corporate firms, take note…