In this book, Steffie analyzes the legal normative framework of the pre-pack, including the changes proposed by the legislative proposal WCO I. The central question in this study is whether a pre-packaged administration leads to different outcomes compared to a more traditional administration involving a going concern sale. On the basis of a number of criticisms and success factors of the prepack, she investigates the application of the pre-pack in practice, making a (statistical) comparison between the consequences of a pre-pack sale and a more traditional business sale in administration. The results from the empirical research offer relevant insights for both literature and (legal) practice and may contribute to the evaluation of the pre-pack in practice and the current WCO I, especially since both the pre-pack and the WCO I have been called into question in response to the judgment of the European Court regarding the Estro-case. This book can provide clarity about whether the pre-pack is worth fighting for.
|Translated title of the contribution||Unpacking the pre-pack: A study into the consequences of a business sale in administration|
|Publisher||Celsus juridische uitgeverij|
|Number of pages||172|
|Publication status||Published - Feb 2019|
- WCO I
- Wet continuïteit Ondernemingen