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Government proposes legislation to enhance UK insolvency regime

Government proposes legislation to enhance UK insolvency regime
Published on: 05 September 2018
Published by: LexisPSL
  • Government proposes legislation to enhance UK insolvency regime
  • More time for business rescue as the Government introduces a moratorium for all companies
  • New rules will prevent suppliers terminating contracts on insolvency
  • A new type of ‘insolvency’ process
  • Increase to the prescribed part
  • Antecedent claims
  • New power for the Secretary of State to pursue directors of dissolved companies
  • Claims against directors of holding companies
  • Future changes?
  • Conclusion

Article summary

Restructuring & Insolvency analysis: Rachael Markham and Cathryn Williams of Squire Patton Boggs, consider the Government’s response to the insolvency and corporate governance consultation and what this means for the insolvency world. or take a trial to read the full analysis.

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