Connected Party Pre-Packs: The New Rules

On 24 February, the Government published draft regulations that, if implemented, will impose new restrictions on pre-pack administration sales to connected parties. For all ‘substantial disposals’ (which will include ‘pre-pack’ sales) to connected parties, taking place within eight weeks of the administrators’ appointment, the administrators will either need creditor consent or a report from  an independent ‘evaluator’.

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