Pre-Packaged Insolvency

A pre-pack sale has long been a staple of newspaper headlines and invariably alludes to creditors being “stitched up” by the insolvency process. But what is a pre-pack?

The term “pre-pack sale” refers to an arrangement under which the sale of all or part of a company’s business or assets is negotiated with a purchase prior to the appointment of an administrator, who will sign the sale documentation immediately on, or shortly after, his appointment.

Read the full article here.

Keep reading

...
OffshoreAlert and IFG Partnership
We are delighted to have been invited to engage in a co-marketing Partnership with one of the industries’ most prestigious conference organisers OffshoreAlert, representing London 2023, Bangkok 2024, Miami 2024 https://www.offshorealert.com/events/ifg/ Event Information  OffshoreAlert London December 4 – 5, 2023 at the Leonardo Royal Hotel London St Paul’s 10 Godliman St., London, United Kingdom Launched
Read
...
Forteith International Symposium on Economic Crime
The International Fraud Group were delighted to sponsor the Cambridge International Symposium on Economic Crime in their 40th Year. Gary Miller, Partner and Head of Asia Desk at Mishcon de Reya LLP convened a panel on “The Impact of Culture on Fraud Investigations” and was joined by Tom Littlechild (Wells Fargo), Tyler Hodgson (The World
Read
...
A presumptuous task: interpreting “see to it” and “demand” guarantees
Guarantees have been described as the lifeblood of international commerce, but determining whether an instrument is a “see to it” or an “on demand” guarantee is not always straightforward. In this article we consider the different approaches taken by the English Commercial Court and Court of Appeal in Shanghai Shipyard Co Ltd v Reignwood International
Read
...
MUR Shipping BV v RTI Ltd: A cautionary contractual tale
In MUR Shipping BV v RTI Ltd, a decision arising in the context of a contract of affreightment, the English Court of Appeal has raised interesting questions as to the lengths commercial parties may be expected to go to in force majeure circumstances. Read the full article on Mishcon.com here.
Read