The pre-pack is among the armoury of tools that makes the UK an attractive restructuring jurisdiction.
A recent independent review has endorsed pre-packs, but also recommended some improvements, explains Glen Flannery.
On 16 June 2014, the British Government published the findings and recommendations of an independent review of pre-pack administrations (“pre-packs”) carried out by Teresa Graham CBE*.
Graham’s review was commissioned by Vince Cable, the Secretary of State for Business, Innovation and Skills, to address continued disquiet about the merits of pre-packs, particularly among some unsecured creditor groups.
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