London School of Economics and Political Science Research Online (London School of Economics and Political Science) · 2006 · 15 citations · 0 references
LawAdministrative LawContract LawContractsFinancial RegulationInsolvency LawCreditor SafeguardsForbearance AgreementsPre-incorporation ContractsAdoption Of Pre-incorporation ContractsPre-packaged InsolvencyPre-packaged RestructuringPre-packaged SchemesPre-sales AgreementsProtection Of Creditors' InterestsStatutory Protections
Examines the development of administration-related pre-packs, involving agreements between troubled companies and their creditors before statutory administration procedures. Comments on the rise of the pre-pack, their advantages and concerns regarding their use. Highlights the statutory protections available to creditors in troubled companies. Identifies possible control systems to govern pre-packs, focusing on managerial, professional ethics and regulatory approaches, and evaluates their use.