or restrict the purchase of assets of a company by directors of the company
that has gone into administration. The restriction would be that they could only buy some or all of the assets if there are no other serious bids worth considering for the said assets, i.e they are at the back of the queue and not in the front as appears to be the case with Leeds.
Posted By: Commisar_Canary on May 5th 2007 at 15:45:29
Message Thread
- Why is ken bates allowed to put leeds into administration (Other Football) - phrankin, May 5, 13:38:57
- because he is also a major creditor (Other Football) - Army Boy, May 5, 14:45:54
- or restrict the purchase of assets of a company by directors of the company (Other Football) - Commisar_Canary, May 5, 15:45:29
- what I don't get (Other Football) - phrankin, May 5, 15:56:21
- Simply that the administrators have full power to do what they like (Other Football) - BerlinCanary, May 5, 16:33:59
- what I don't get (Other Football) - phrankin, May 5, 15:56:21
- I think they do already; but this is not bankruptcy - it's administration. (Other Football) - BerlinCanary, May 5, 14:51:51
- I look forward to seeing what the IR and Customs do about the Leeds situation (n/m) (Other Football) - Commisar_Canary, May 5, 15:46:35
- or restrict the purchase of assets of a company by directors of the company (Other Football) - Commisar_Canary, May 5, 15:45:29
- Its Not Football, Its Business Law... (Other Football) - Martin Peters, May 5, 14:09:11
- because he is also a major creditor (Other Football) - Army Boy, May 5, 14:45:54
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