Stevens & Bolton LLP

This Practice Note, produced in partnership with Tim Carter, Louise Corcoran and Jonathan Cope of Stevens & Bolton LLP, considers the key issues when selling or acquiring a property (freehold or leasehold) from a company in administration as part of a business and asset purchase. It also considers the difference in approach between acquiring property from a solvent company and one that is in administration.

This Practice Note, produced in partnership with Tim Carter and Louise Corcoran of Stevens & Bolton LLP, considers the process and common issues in relation to the break up and purchase of assets of a financially distressed company. It summarises the principal differences between a solvent sale, a distressed sale and a sale through formal insolvency proceedings, the typical drivers for an accelerated sales process and the key considerations for sellers and buyers of assets in those circumstances.