Will EU Reg’s March 2014 recommendation for more flexible pre insovency processes affect the UK?
Will the EU Regulationês March 2014 recommendation to adopt more flexible pre insolvency processes affect the UK?…
29 April, 2016
Will the EU Regulationês March 2014 recommendation to adopt more flexible pre insolvency processes affect the UK?
In March 2014 the European Commission published its recommendation on a new approach to business failure and insolvency which set out minimum standards for a restructuring framework in each member state. The broad market reaction in the UK was mixed ranging from supportive from those sectors favouring facilitation of consensual restructuring ahead of formal process to it ainêt broke donêt fix it, particularly from the Insolvency profession. The latter view was the dominant view in the UK Government response of March 2015. Read more…
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