Thomas Cook collapse—is court-ordered liquidation the new administration?

Restructuring & Insolvency analysis: Thomas Cook is the third large company to be wound up by the courts
in 18 months, following British Steel and Carillion in 2018. Professor Andrew Keay, barrister at Kings
Chambers, 9 Stone Buildings and Lincoln’s Inn and Professor of corporate and commercial Law at the
University of Leeds, discusses why it entered liquidation rather than administration and how it will impact
employees and customers of Thomas Cook.

Originally published on LexisLibrary and LexisPSL

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