Pre-pack clean-up — pre-pack administration
The government has published its review of pre-packs following continued disquiet about their merits, particularly among unsecured creditor groups.
Theresa Graham’s review, which was commissioned by Vince Cable, has provided a useful list of recommendations to be implemented, initially on a voluntary basis, in an attempt to ‘clean up’ pre-packs.
The aim of the recommendations, which the government has welcomed, is to provide greater clarity for failing businesses and to increase transparency for creditors. It would be fair to say that ‘good pre-packs’ are here to stay…
Click on the link below to read the rest of the Gateley briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Gateley
News from The Lawyer
Briefings from Gateley
How to resolve a dividends block created by losses made over a number of years.
New rules proposed for brownfield sites to boost affordable housing initiatives.
Analysis from The Lawyer
The Law Society recently published guidance to assist solicitors draw up Shariah-compliant wills, causing outrage in some quarters. Gateley’s Haroon Rashid explains the facts.