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.
Applies to England, Scotland and Wales
Documents
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