Administration (Restrictions of Disposal to Connected Parties) Regulations

Posted on Jan 30, 2023. by NTI

The Administration (Restrictions on Disposal to Connected Persons) Regulsations 2021 changed the landscape for those involved in pre-pack Administrations. 

Who is 'connected'? Who is an 'officer'? Who is a 'non-employed associate'? When must an insolvency professional draft and submit a qualifying report?

NTI's CPD and Technical Team have today (Monday 30 January) completed the recording of a CPD TAP webcast during wihich Neil interviews Gareth Wilcox about the Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021.

In a debate about pre-pack Administration best practice we review and explain the need for qualifying reports if there is any suggestion of 'connection' between the seller and buyer in a pre-pack.

It is a 'must listen and share with your team'. If you are doing the JIEB this year this MUST be added to your list.

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