Request Consent To Take Action Prohibited By Statutory Moratorium (Letter To Administrators)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
📰 Letter of consentBusiness activity
Request consent to actIn the United Kingdom, a statutory moratorium is a legal process available to companies in financial distress that provides temporary protection from creditor enforcement actions. It allows the distressed company to negotiate a rescue or restructuring plan with the aim of avoiding insolvency or liquidation. During this period, certain actions, such as commencing legal proceedings or taking possession of assets, may be restricted for the protection of the company's interests.
This legal template seeks to obtain approval from the administrators appointed during the moratorium to carry out actions that would usually be prohibited. The document outlines the specific activities or tasks the requester wishes to undertake and provides justifications for why they are necessary, despite being generally unlawful or restricted during the moratorium.
Key elements of the template may include identifying the requester, describing the proposed actions in detail, ensuring compliance with relevant statutory provisions, explaining the potential benefits or consequences of the action, and highlighting any potential risks or alternatives that have been considered.
The purpose of this legal template is to provide a structured format for individuals or entities to formally request consent to proceed with necessary actions that may fall outside the scope of permitted activities during a statutory moratorium under UK law. It is important to tailor the template to fit the specific circumstances and legal requirements applicable to the situation at hand.
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