20 May
2003
20 May
'03
10:41 a.m.
At 15:34 +0100 20/5/03, Stephen J. Wilcox wrote:
Hmm eg KPNQ just turned off when the receivers walked in... and you could not remove your property until they gave it the all clear some weeks later...
The administrators were probably concerned with ensuring that they had identified who owned what, I would imagine a similar scenario in Ch 11 actions. However my understanding is that when the KPN administrators walked in they kept the business running for as long as possible, certainly in the Netherlands they were routing packets for a few weeks after they were appointed, I don't know about the data centres, but they did not just switch everything off as soon as they arrived. f