TY - JOUR
T1 - Pre-Packaged Administrations and Company Voluntary Arrangements: The case for a holistic approach to reform
AU - Umfreville, Christopher
N1 - 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 .
PY - 2019/10/31
Y1 - 2019/10/31
N2 - 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.
AB - 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.
KW - Insolvency
KW - Administration
KW - Pre-Packaged Administration
KW - Pre-Pack
KW - Company Voluntary Arrangement
KW - CVA
KW - Law reform
UR - https://uk.westlaw.com/Document/IF6011C20EB3611E9BC43F027EC187963/View/FullText.html?navigationPath=Search%2Fv1%2Fresults%2Fnavigation%2Fi0ad740360000016e36f8e54155238bed%3FNav%3DUK-JOURNALS-PUBLICATION%26fragmentIdentifier%3DIF6011C20EB3611E9BC43F027EC187963%26parentRank%3D0%26startIndex%3D1%26contextData%3D%2528sc.Default%2529%26transitionType%3DSearchItem&listSource=Search&listPageSource=1d97de18b52734284c667eb54876eb9c&list=UK-JOURNALS-PUBLICATION&rank=1&sessionScopeId=2b8045907107e5ebd23ebe89664578c21186140935b185f30c49e1e3c61690cd&originationContext=Search+Result&transitionType=SearchItem&contextData=%28sc.Default%29&comp=wluk
M3 - Article
SN - 0958-5214
VL - 30
SP - 581
EP - 603
JO - International Company and Commercial Law Review
JF - International Company and Commercial Law Review
IS - 11
ER -