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Restructuring and Insolvency
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Earlier this year the English High Court considered the issue of rent and administration expenses. This decision involved an interpretation of rule 2.67 of the Insolvency Rules 1986 which only apply in administrations of companies incorporated in England and Wales. Given that the Scottish rules are worded differently, and given the criticism of the Nortel decision in England, there has been some uncertainty as to the position in relation to Scottish companies.
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