Finella Fogarty
- Partner
- Insolvency & Restructuring
Finella Fogarty comments on Poundland’s potential administration in Law360
Finella Fogarty, Insolvency & Restructuring Partner at Wedlake Bell, has been featured in Law360 commenting on the Government’s ability to intervene in Poundland’s distressed M&A process as the retailer faces potential administration.
The article examines the legal limits of government intervention following concerns over the potential impact of an insolvency on jobs, suppliers and the wider UK high street, after Poundland was unable to secure an acceptable offer for the business through its formal sale process.
Finella explains that, while the Government can use political pressure and engage with those involved to encourage a rescue, it cannot compel a privately owned business to accept a particular offer simply to avoid insolvency. She also highlights the importance of the statutory framework governing corporate decision-making, including directors’ duties and the increasing importance of creditors’ interests as a company approaches insolvency.
Read the full article in Law360 (£).
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