Overview

The Government has announced that it will shortly begin a consultation on important new measures designed to boost confidence in the ‘pre-pack’ administration procedure. You can have your say in this process.

The Government may consider:
• Making compliance with SIP 16 mandatory;
• Preventing anyone advising on the pre-pack from becoming the administrator of the insolvent company;
• Requiring creditors or the court to sanction pre-packs which involve connected parties.

This briefing by Nabarro looks in more detail at the measures and shows you how you can have your say in the Government’s consultation.

Click here for more.