Administration Extensions and Using the Deemed Consent Procedure

In this episode, Rachael Markham and Ololade Saromi from Five Paper Chambers discuss a recent unreported decision that concerned whether an administration had been validly extended where the administrators had used the deemed consent procedure to obtain the consent of unsecured creditors to the extension.  The discussion covers what the court decided and in what circumstances administrators can use the deemed consent process.

You can listen to other episodes in our Restructuring & Insolvency podcast series here.