Pre-packs here to stay but ‘clean-up’ recommended

By Glen Flannery and Emma Lloyd

On 16 June 2014, the UK government published the findings and recommendations of an independent review into pre-pack administrations, carried out by Teresa Graham CBE.

The review was commissioned by Vince Cable, the secretary of state for business, innovation and skills, to address continued disquiet about the merits of pre-packs, particularly among unsecured creditor groups.

Despite identifying a number of shortcomings in current pre-pack practices, Graham concluded that pre-packs ‘definitely have a place in the insolvency arena’ and that to outlaw them to eliminate sub-optimal areas of behaviour would be akin to ’throwing the baby out with the bathwater’…

Click on the link below to read the rest of the Nabarro briefing.

Sign in or Register to continue reading this article

Sign in

Register

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

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

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.

Briefings from Nabarro

View more briefings from Nabarro

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

Lacon House
84 Theobald's Road
London
WC1X 8RW
UK
http://www.nabarro.com

Turnover (£m): 116.70
No. of lawyers: 405