Businesses guaranteed essential supplies during rescue

Businesses guaranteed essential supplies during rescue

Summary of Responses to Consultation - February 2015

In its Summary of Responses to the Consultation on the Continuity of Essential Supplies, the Government has announced that the supply of IT and utility services to businesses undergoing insolvency rescue will be guaranteed.

Suppliers of IT, water, gas, electricity and communications services guaranteed payment for services supplied during the rescue period will also be able to ask for personal payment guarantees from the insolvency practitioner.

These changes will be subject to Parliamentary scrutiny before coming into

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About the author:
Eleanor qualified in 1998 into the insolvency team at ASB law. She became a partner in 2005, and went on to head up the Recovery & Insolvency team. Whilst traditionally specialising mainly in contentious corporate insolvency matters, in recent years she has moved into the non contentious arena, in particular specialising in company administrations.