TITLE

Rescue parties

AUTHOR(S)
Vine, Paul
PUB. DATE
October 2005
SOURCE
Lawyer;10/17/2005, Vol. 19 Issue 40, p26
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Explains that the British Court of Appeal decision in "Huddersfield Fine Worsted" has ruled that protective awards do not attract priority, in the process securing the rescue culture. Principle that the principal objective of administration is rescuing the company as a going concern; Recognition of employees as a potentially vulnerable class of creditors; Concern with the Court of Appeal ruling.
ACCESSION #
18663284

 

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