Guidance

Requirements for independent scrutiny of the disposal of assets in administration, including pre-pack sales

Guidance about the requirement for independent scrutiny of disposals of company assets in an administration.

• From: The Insolvency Service
• Published: 30 April 2021

Applies to England, Scotland and Wales

Documents

Requirements for independent scrutiny of the disposal of assets in administration, including pre-pack sales

HTML

Details

This guidance provides information about the requirement for independent scrutiny of disposals of company assets in an administration (a formal insolvency procedure).

Specifically, disposals made within the first 8 weeks of administration to a party connected to the company (a ‘connected person’ ).

The legislation this guidance references is The Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021.

Published 30 April 2021