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- W1678082181 abstract "Whereas pre-packaged administrations have been prevalent in the UK for years, Australia's voluntary administration regime has been more restrictive of the practice. This article analyses the evolution of UK pre-packs, why UK-style pre-packs are not prevalent in Australia and the challenges for UK and Australian lawmakers in striking the right balance with pre-packs in their respective administration regimes. Building upon this analysis, the article proposes a mechanism that might make ‘connected-party’ pre-pack business sales work more fairly for stakeholders—that is, by obligating a connected-party purchaser to make a future-income contribution in favour of the insolvent company whose business has been ‘rescued’ by a pre-packaged sale in administration. Copyright © 2012 INSOL International and John Wiley & Sons, Ltd." @default.
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- W1678082181 date "2012-09-26" @default.
- W1678082181 modified "2023-09-24" @default.
- W1678082181 title "A Comparative Analysis of Anglo-Australian Pre-packs: Can the Means Be Made to Justify the Ends?" @default.
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- W1678082181 doi "https://doi.org/10.1002/iir.1201" @default.
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