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We understand that the challenges faced by in-house legal teams are varied and changing rapidly. Our In-house hub provides resources to help provide guidance on a variety of legal and business issues specifically for in-house counsel.

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New pre pack administration legislation

The UK Government has published draft regulations under paragraph 60A of Schedule B1 to the Insolvency Act 1986 (the "Regulations") which will require pre-pack administration sales to connected parties to be subject to compulsory independent scrutiny, or advance creditor approval. Connected parties include the insolvent company’s existing directors or shareholders.

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