Speed Read
United Kingdom, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, High Court of Justice (England & Wales)
On Monday 17 November 2014, Weil held its inaugural European Distressed Investor Conference at The Dorchester in London. A summary of the key discussion points follows.
Panel A:
NEW RULES ON PRE-ADMINISTRATION COSTS
Insolvency Practitioners have been eagerly awaiting the implementation on 6 April 2010 of the Insolvency (Amendment) Rules 2010 (“New Rules”). In addition to the many modernising changes made by the New Rules is the long awaited inclusion of what was believed to be a statutory entitlement to recover pre-appointment costs such as in negotiating a pre-pack. as an expense of the administration (New Rule 2.67(1)(h)).
United Kingdom, Insolvency & Restructuring, Squire Patton Boggs, Option (finance), Precondition, Valuation (finance), Secured loan