Insights

rssg thought of the month 31 Oct 2020 Pre-pack reforms: independent opinion required for administration sales to connected persons

Connected party administration sales are back in the spotlight

The PDF server is offline. Please try after sometime.
Due to the seriously low uptake, it's been clear for some time that the Pre-Pack Pool has fallen short of its aims to increase transparency and confidence in pre-pack administration sales. Thankfully, the industry's representations on the pre-pack being a valuable part of our restructuring tool-kit have prevailed and a complete ban on connected party pre-pack sales has been avoided. Purchasers will now need to factor into their transactions the additional time and cost it will take to obtain the independent opinion. Olga Galazoula, Restructuring Partner

Key Contacts

We bring together lawyers of the highest calibre with the technical knowledge, industry experience and regional know-how to provide the incisive advice our clients need.

Load More

Keep up to date

Sign up to receive the latest legal developments, insights and news from Ashurst.  By signing up, you agree to receive commercial messages from us.  You may unsubscribe at any time.

Sign up

The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Readers should take legal advice before applying it to specific issues or transactions.

Get Started
WORLD MAP
  • REGION
  • OFFICE

        Forgot Password - Ashurst Account

        If you have forgotten your password, you can request a new one here.

        Login

        Forgot password? Please contact your relationship manager to find out more about our client portal.
        Ashurst Loader