Corporate Insolvency Reforms
Consultation on the Government’s potential reforms to the UK corporate insolvency regime closed in early July 2016 and if these reforms come into law they will see some significant changes to the options available to companies.
One of the main reforms to boost company rescue would be the introduction of a moratorium from creditor action for struggling companies together with a new restructuring procedure and changes to encourage rescue financing.
Consultation has now closed and we are aware that our trade body R3 has given a lot of feedback on these proposals to Government so we will report further on what form these changes may take if and when the matter moves forward.
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