The Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021
These Regulations impose requirements in relation to the disposal, hiring out or sale of a company’s property by an administrator of that company to a connected person. The requirements only apply in the first 8 weeks of administration, and where the disposal, hiring out or sale involves all or a substantial part of the company’s business or assets. This could involve one or more transactions.
Lifecycle
Department
Made
29 Mar 2021
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In force
30 Apr 2021
Enabling power
In accordance with paragraph 60A(9) of that Schedule, a draft of this instrument was laid before Parliament and approved by a resolution of each House of Parliament.
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