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UK Insolvency Reform – Evaluating Pre-Pack Sales to a Connected Person | K&L Gates LLP

EXECUTIVE SUMMARY A Pre-Pack Sale is the sale of all or substantially all of an English company’s assets to a third-party purchaser immediately or shortly after the distressed company goes into a UK rescue procedure called administration. The attraction of a Pre-Pack Sale is the speed of the transaction, which helps preserve the value of the business and save jobs, as the company is able to carry on trading through the process. The Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021 (Regulations) will apply to any administrations starting from and including 30 April 2021, and they require further due diligence and scrutiny where the Pre-Pack Sale is proposed to be made to a connected person.

UK Insolvency Reform Evaluating Pre-Pack Sales to a Connected Person

Tuesday, April 20, 2021 Executive Summary A Pre-Pack Sale is the sale of all or substantially all of an English company’s assets to a third-party purchaser immediately or shortly after the distressed company goes into a UK rescue procedure called administration. The attraction of a Pre-Pack Sale is the speed of the transaction, which helps preserve the value of the business and save jobs, as the company is able to carry on trading through the process. The Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021 (Regulations) will apply to any administrations starting from and including 30 April 2021, and they require further due diligence and scrutiny where the Pre-Pack Sale is proposed to be made to a connected person.

5paisa Capital Ltd board to announce Q4, FY21 results, fund raising through NCDs on April 20, 2021

5paisa Capital Ltd board to announce Q4, FY21 results, fund raising through NCDs on April 20, 2021 Posted On: 2021-04-12 08:26:15 (Time Zone: Arizona, USA) A meeting of the Board of Directors of 5paisa Capital Ltd is scheduled to be held on Tuesday, April 20, 2021, to consider and approve, the Standalone and Consolidated Audited Financial Results for the quarter and year ended on March 31, 2021. The board will consider annual fund raising by way of issue of Non-Convertible Debentures on private placement basis and any other business. The Trading Window for dealing in securities of the Company shall remain closed for all the Board Members, Designated Employees and Connected Persons from Thursday, April 01, 2021, to Thursday, April 22, 2021 (both days inclusive).

Investegate |Bluefield Solar Inco Announcements | Bluefield Solar Inco: Director/PDMR Shareholding

  Bluefield Solar is a UK income fund focused, primarily, on acquiring and managing UK-based solar projects to generate renewable energy for periods of typically 25 years or longer. Not less than 75% of the Company s gross assets will be invested into UK solar assets. The Company can also invest up to 25% of its gross assets into onshore wind, hydro and storage technologies.  Its primary objective is to deliver to its shareholders stable, long term sterling income via quarterly dividends.  The majority of the Group s revenue streams are regulated and non-correlated to the UK energy market.  Bluefield Solar owns and operates one of the UK s largest, diversified portfolios of solar assets with a combined installed power capacity in excess of 543 Megawatt peak.

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