(f) AdministrationAdministration as a concept is distinct from administrative receivership. The object of administration is to rescue a company in difficulty and keep it going. The governing legislation is to be found in the Enterprise Act 2002 (which introduced a new Sch B1 into the Insolvency Act 1986).The effect upon the employment contract following the appointment of an administrator is similar to that of the appointment of an out-of-court administrative receiver, namely that employment will continue.The administrator, although strictly an officer of the
Administration as a concept is distinct from administrative receivership. The object of administration is to rescue a company in difficulty and keep it going. The governing legislation is to be found in the Enterprise Act 2002 (which introduced a new Sch B1 into the Insolvency Act 1986).
The effect upon the employment contract following the appointment of an administrator is similar to that of the appointment of an out-of-court administrative receiver, namely that employment will continue.
The administrator, although strictly an officer of the
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