Re Medicentres (UK) Ltd (Chancery Division, Sales J, 25 Jul 2011)
The directors of a company the subject of a failed CVA applied for an administration order in order to give effect to a pre-pack sale of the company’s business. The former CVA supervisor sought his own appointment as administrator and proposed an extended period of marketing of the company, funded by way of a loan, in order to see what better offers were forthcoming.
To view the full text, please log in.
To receive a FREE 14 day online trial to Insolvency Law Online click here.
"This is the ultimate statement of where the law on IVAs is to be found in our great common law...