On 8 October 2020, the Government published its report to improve the transparency of pre-pack sales in administrations.
This report was accompanied by a set of draft regulations to increase independent scrutiny of sales to connected parties.
On 24 February 2021, the draft legislation was published and will now be debated in the Commons and the Lords and is expected to come into effect from 30 April 2021.
For more insight on:
*The Key Changes
*What’s In A Qualifying Report?
*What Does It All Mean?
Please click and read our latest blog Pre-Packaged Administration Reforms on our website.
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