Pre-Packaged Administrations and Company Voluntary Arrangements: The case for a holistic approach to reform

Research output: Contribution to journalArticle

Abstract

The Company Voluntary Arrangement (“CVA”) and pre-packaged administration (“pre-pack”) both facilitate corporate rescue and enable the continuation of a business by its existing management, though in very different ways. Through analysis of longitudinal studies of CVAs and connected party pre-packs commenced in 2013, this paper provides a comparative analysis of the outcomes of the processes and their impact on stakeholders. In so doing the paper identifies issues arising from the operation of these procedures and makes suggestions for reform, both to the processes and the need for wider systemic reform.
Original languageEnglish
Pages (from-to)581-603
JournalInternational Company and Commercial Law Review
Volume30
Issue number11
Publication statusPublished - 31 Oct 2019

Bibliographical note

This is a pre-copyedited, author-produced version of an article accepted for publication in International Company and Commercial Law Review following peer review. The definitive published version Umfreville C. Pre-packaged administrations and company voluntary arrangements: the case for a holistic approach to reform. International Company and Commercial Law Review. 2019:581 is available online on Westlaw UK or from Thomson Reuters DocDel service .

Keywords

  • Insolvency
  • Administration
  • Pre-Packaged Administration
  • Pre-Pack
  • Company Voluntary Arrangement
  • CVA
  • Law reform

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