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Coronavirus (COVID-19)—launch of protocol agreement for administrators

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Published on: 09 April 2020

Published by a LexisNexis Restructuring & Insolvency expert

Article summary

Restructuring and Insolvency analysis: The coronavirus (COVID-19) crisis has had a significant impact on businesses around the world, putting many at real risk of insolvency. The administration regime is one of the insolvency tools available to assist otherwise viable businesses survive this time. Mark Phillips QC, Stephen Robins and William Wilson of South Square have drafted a consent protocol agreement (in consultation with the ILA and the CLLS) to allow the directors of a company in administration to continue running the day to day business of the company within the thresholds set out in the agreement. The consent protocol is now available in Lexis®PSL and the authors discuss its use in this News Analysis.

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