Receivers under pressure
Language: English Series: Contract Journal ; 372(5963) 10 March 1994, 7(1)Publication details: 1994Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3010-03 (Browse shelf(Opens below)) | 1 | Available | 80182-1001 |
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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.