Will the administration extension for PSL2021 Realisations Ltd set a new precedent?

Millie Wakefield, Lucy Trott and Joanna Charter of Stevens & Bolton look at a Scottish law decision which has sparked concern over whether English judges will take a similar view, given the Court’s finding that all creditors should be informed of administration extension applications and given an opportunity to object, even unsecured creditors who are unlikely to receive dividends and are therefore “out of the money”.

Read more.