Receivers under pressure
Receivers under pressure
- 1994
- Contract Journal 372(5963) 10 March 1994, 7(1) .
An Appeal Court decision in a case involving Paramount Airways means receivers have to take on contractual obligations to employees they retain for more than two weeks. This has stepped up pressure on receivers to break up failed construction companies, rather than sell them as going concerns.
CONSTRUCTION COMPANIES
RECEIVERSHIP
An Appeal Court decision in a case involving Paramount Airways means receivers have to take on contractual obligations to employees they retain for more than two weeks. This has stepped up pressure on receivers to break up failed construction companies, rather than sell them as going concerns.
CONSTRUCTION COMPANIES
RECEIVERSHIP