- Learning from the collapse of BHS
- What were the main failings that the committee highlighted?
- What are the lessons for future restructurings or sales of distressed businesses?
- Do you think there will be changes to the laws on directors' duties, given the criticisms of Sir Philip Green's actions?
- Do you think law firms will come under greater scrutiny for the role they play in a restructuring given the 'badge of legitimacy' the committee considered they provided in the BHS sale?
- Is it likely that the TPR will now use its moral hazard powers to obtain payment from Sir Philip Green into the pension scheme?
- Do you think we will start to see more 'trial' by MP committee post a company's failing prior to any insolvency service investigation?
Restructuring & Insolvency analysis: Following publication of the Work and Pensions and Business, Innovation and Skills Committees’ report on the collapse of British Home Stores, Ian Defty, insolvency practitioner at DDJ Insolvency Limited, considers what lessons can be learnt.
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