The Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act, which received Royal Assent in December 2021 gives the Insolvency Service a significant new power to investigate former directors of dissolved companies where it believes these directors are responsible for wrongdoing.

On 21 December 2021, the Government published ‘The Future of Insolvency Regulation’, a consultation setting out new proposals to “strengthen, reform and simplify” insolvency regulation. The proposed changes in the consultation document amount to an overhaul of insolvency regulation and will have a significant impact on the insolvency profession and how it works.

Here's everything you need to know about the proposed regulation changes...

R3's parliamentary engagement led to the profession's views being raised over 20 times during debates in both the House of Commons and House of Lords, with the key mentions included in the video within this post. 

Personal insolvency levels in England and Wales fell for the first time in five years in 2020, according to research from the Insolvency Service. In this blog, we provide a breakdown and analysis of the figures – and a look at what’s driving the downward trend…

This year saw the Press, Policy and Public Affairs team continue our Back to Business UK campaign, publish research into the profession’s economic contribution, and continue to give the profession a voice in parliament and the media as the Covid pandemic continued and new legislation was proposed, debated and entered into law. 

With the days getting shorter, temperatures dropping and Christmas fast approaching, the busy winter season is upon us and this November has been no exception for R3’s Press, Policy and Public Affairs team…

This month, the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill continued its journey through parliament with a Committee Stage debate in the House of Lords.

Following the announcement of the first special administration regime for energy suppliers, we take a look at energy supplier insolvencies...

R3's Press, Policy and Public Affairs Team has had a busy October, with the Autumn Budget announcement, quarterly statistics, and a variety of policy debates, as well as continuing to give the profession a voice on key issues in the media...

As part of our joint project with the Insolvency Service to improve diversity and inclusion within the profession, we launched a survey of R3 members in June 2021 with the aim of mapping out just how diverse the insolvency and restructuring profession is. The survey gathered a sizeable response from R3’s members and generated some interesting insights about the make-up of the profession’s talent pool.