UK corporate insolvency law: The times they are a-changin'

United Kingdom

This article was produced by Olswang LLP, which joined with CMS on 1 May 2017.

Earlier this year, the Insolvency Service published a consultation paper on possible reforms to the UK's existing corporate insolvency regime (The Insolvency Service: A review of the corporate insolvency framework: A consultation on options for reform (May 2016)). The main impetus behind the proposed reforms is the Government's wish for the UK to remain at the forefront of insolvency best practice, in order to attract businesses. It believes it can achieve this by giving businesses the best possible chance to restructure their debts and return to profitability when experiencing financial struggles.

Please see our article here.