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.
Applies to England, Scotland and Wales
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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.