Three weeks after the introduction of the mandatory requirement to obtain an evaluator’s report or seek creditor approval before completing a substantial disposal of a company’s business or assets to a connected person, we have updated our Q&A to include new answers in light of the Insolvency Service’s guidance and following discussions with our clients. The updated Q&A can be accessed here and sets out key questions that UK insolvency practitioners should consider before, during and after completion of a connected party sale.
