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BIG new law on pre-packs – significant? Yes – but needed.

From the 30th April 2021, in an aid of increasing creditor confidence in pre-packs, new legislation is coming into force, namely, ‘THE ADMINISTRATION (RESTRICTIONS ON DISPOSAL ETC. TO CONNECTED PERSONS) REGULATIONS 2021. Yes, it’s always a long-winded title. Following the introduction of the (optional) pre-pack pool a few years ago, regarding connected party transactions, the …

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