Pre-packs — do they have a future?
By Andrew Pickin
In June 2014, Teresa Graham published her report on pre-pack administrations. As Vince Cable noted in his foreword to the report: ‘Pre-pack administrations has been much criticised in some quarters in recent years’.
Critics of the process have agreed that it lacks transparency and does not result in the best value being achieved for businesses which are sold to the detriment of unsecured creditors.
The Graham Review made a number of recommendations to try to improve the reputation of this procedure. These include…
Click on the link below to read the rest of the Shoosmiths 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 Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
Ambiguities in SME law must be eliminated
So how will deals work in the future?
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…