*/
Company – Administration. The directors of an English company sought, among other things, an administration order and an order granting the proposed administrators liberty to enter into an immediate 'pre-pack' agreement (the SPA) for the sale and purchase of all the company's assets, as part of a scheme for the restructuring of a predominantly German-based group. The Companies Court granted the administration order where the proposed restructuring was the only available alternative to the liquidation of the company and the break-up of the group. It was a natural and proper use of language to describe the proposed sale as one which would be implemented under a court approved process, even though the actual decision to enter into the SPA would be taken by the proposed administrators.
Company – Administration. The directors of an English company sought, among other things, an administration order and an order granting the proposed administrators liberty to enter into an immediate 'pre-pack' agreement (the SPA) for the sale and purchase of all the company's assets, as part of a scheme for the restructuring of a predominantly German-based group. The Companies Court granted the administration order where the proposed restructuring was the only available alternative to the liquidation of the company and the break-up of the group. It was a natural and proper use of language to describe the proposed sale as one which would be implemented under a court approved process, even though the actual decision to enter into the SPA would be taken by the proposed administrators.
Now is the time to tackle inappropriate behaviour at the Bar as well as extend our reach and collaboration with organisations and individuals at home and abroad
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