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Showing 1 to 1 of 1 for “"pre-packaged administration"”.
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A critical analysis of the effectiveness of the corporate rescue provisions under Sch B1 of Insolvency Act 1986
… Committee (“the Cork Committee”) recommended the preservation of viable commercial enterprises, as an alternative to company winding up, in appropriate circumstances. Although the primary purpose of administration, which was subsequently enacted to foster a “rescue culture”, is to rescue a company …