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International Law

: Bank Law Blog

Pre-packaged administration

By 1banklawblogger

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A new rule affects “pre-packaged sales” or “pre-packs” - arrangements to sell a company’s business or assets to a buyer before an administrator is appointed. The administrator effects the sale on his appointment. Unsecured creditors have no chance for involvement in the sale of the business or assets before it takes place. The method has been in [...]

Full post as published by Bank Law Blog on January 21, 2009 (boomark / email).

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