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kathryntewson.bsky.social
•
19 days ago
The administrator proposal is here. The company was not in administration until February
https://acrobat.adobe.com/id/urn:aaid:sc:US:cfaac0c8-5fe4-476e-9d8e-c1d411dd5a74
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betterkevin.bsky.social
•
19 days ago
Okay, from reading that and my really shitty legal research, I see the less than 12 weeks from moratorium start means they owe all the liabilities
Also, this can't be a reconstruction or amalgamation, because those require transfer of liabilities, so the contracts are nullable (15.2)
Again, IANAL.
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betterkevin.bsky.social
•
19 days ago
Nullability might disappear if someone signed the new contract they were offering or negotiated a new one. I have no idea. I wouldn't be surprised if those also waived prior debts.
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Also, this can't be a reconstruction or amalgamation, because those require transfer of liabilities, so the contracts are nullable (15.2)
Again, IANAL.