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Review of the Corporate Insolvency Framework

The UK Government has today launched a consultation on options for reform of the corporate insolvency regime. Its proposals are in four broad areas:

  • introducing a moratorium for distressed businesses to benefit from protection against legal action while considering their options for rescue
  • widening the definition of essential supplies, with appropriate safeguards for suppliers, to assist distressed businesses
  • developing a new restructuring plan to increase the options available to rescue businesses
  • increasing the availability of rescue finance

I support the principles of these proposals, which embody my restructuring philosophy (expanded on at http://www.mercerhole.co.uk/corporate-advisory-services/corporate-restructuring) to protect, maintain and create business value.

I am also delighted that the Government is emphasising the need for the rescue regime to deliver for SMEs.

 

 

Date: 25th May, 2016
Author: Chris Laughton

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