Quote ="bobsmyuncle"Not in this case. Its an Administrartion not a Receivership and the contracts are binding on the new employer and the employee.
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Wrong. Whitehaven went into administration recently and the administrator cancelled all contracts and the players became free agents. The contracts only continue as valid if the original company is bought as a "going concern" and remains trading under that name. If a new company buys the assets (tangible and intangible), as opposed to buying the existing business, then the contracts are invalid.
