Administration: achievability of statutory purpose | Practical Law

Administration: achievability of statutory purpose | Practical Law

The High Court has held that administrators do not have to consider directors’ motives for placing a company into administration when assessing whether the purpose of administration can be achieved.

Administration: achievability of statutory purpose

Practical Law UK Articles 0-610-2078 (Approx. 3 pages)

Administration: achievability of statutory purpose

by Clifford Chance LLP and Practical Law Restructuring and Insolvency
Published on 30 Apr 2015
The High Court has held that administrators do not have to consider directors’ motives for placing a company into administration when assessing whether the purpose of administration can be achieved.