Administrators’ powers | Practical Law

Administrators’ powers | Practical Law

The High Court has held that, in relation to a post-Enterprise Act 2002 administration, administrators could sell a company’s assets in advance of their proposals being approved by the creditors and without any direction of the court.

Administrators’ powers

Practical Law UK Legal Update 8-102-8513 (Approx. 3 pages)

Administrators’ powers

by Allen & Overy
Published on 25 Jun 2004United Kingdom
The High Court has held that, in relation to a post-Enterprise Act 2002 administration, administrators could sell a company’s assets in advance of their proposals being approved by the creditors and without any direction of the court.