Abstract
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 |
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Original language | Dutch |
Publisher | Celsus juridische uitgeverij |
Number of pages | 172 |
ISBN (Print) | 978-90-8863-244-0 |
Publication status | Published - Feb 2019 |
Keywords
- pre-pack
- Estro
- WCO I
- Wet continuïteit Ondernemingen
- doorstart
- Smallsteps