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The organisers of the Conference thank the following for their support Conference Sponsor Academic Forum SponsorConference Supporter www.buse.de www.cndcec.itwww.edwincoe.com.

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Presentation on theme: "The organisers of the Conference thank the following for their support Conference Sponsor Academic Forum SponsorConference Supporter www.buse.de www.cndcec.itwww.edwincoe.com."— Presentation transcript:

1 The organisers of the Conference thank the following for their support Conference Sponsor Academic Forum SponsorConference Supporter www.buse.de www.cndcec.itwww.edwincoe.com Consiglio Nazionale dei Dottori Commercialisti e degli Esperti Contabili

2 Fourth Session: Younger Scholars Forum Chairs: Myriam Mailly, University of Kent Emmanuelle Inacio, Université du Littoral Côte d’Opale

3 Developments in UK Insolvency Law: Regulating Pre-packs: A Completed Agenda? Dr Bo Xie, University of Manchester

4 What is Pre-packaged Administration? The conventional routeThe Exit Appointment of an administrator Creditors’ voting Administrator sets up proposals for the procedure The Pre-pack route: Appointment of an administrator Administration procedure commences Pre-packing (negotiating and arranging a business sale) The Exit Complete the deal with or without a creditors’ meeting Administration procedure commences Complete the proposals

5 The Concerns of Pre-packs The disenfranchised position of affected parties Limited marketing in pre-packs Sale to a connected party Insolvency practitioners’ self-serving alliance with those of well-placed inside players

6 Recent Developments in UK Insolvency Law The Statement of Insolvency Practice 16 (SIP 16) Dear IP 42 The Insolvency Code of Ethics The Insolvency (Amendment) Rules 2010 Effectiveness of these initiatives Government Consultation Paper in 2010

7 Government Consultation Proposals

8 Next Steps: ? Establishing a single regulator and an independent complaints handling mechanism Enhancing the independence of Insolvency Practitioners Super-priority new financing for corporate rescue

9 The organisers of the Conference thank the following for their support Conference Sponsor Academic Forum SponsorConference Supporter www.buse.de www.cndcec.itwww.edwincoe.com Consiglio Nazionale dei Dottori Commercialisti e degli Esperti Contabili

10 The organisers of the Conference thank the following for their support Conference Sponsor Academic Forum SponsorConference Supporter www.buse.de www.cndcec.itwww.edwincoe.com Consiglio Nazionale dei Dottori Commercialisti e degli Esperti Contabili

11 The organisers of the Conference thank the following for their support Conference Sponsor Academic Forum SponsorConference Supporter www.buse.de www.cndcec.itwww.edwincoe.com Consiglio Nazionale dei Dottori Commercialisti e degli Esperti Contabili

12 The organisers of the Conference thank the following for their support Conference Sponsor Academic Forum SponsorConference Supporter www.buse.de www.cndcec.itwww.edwincoe.com Consiglio Nazionale dei Dottori Commercialisti e degli Esperti Contabili


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