A brief overview of the new business rescue procedures introduced by the Corporate Insolvency and Governance Act, and the existing corporate insolvency landscape...
R3 was mentioned numerous times during the passage of the Corporate Insolvency and Governance Act and the Finance Act. Watch our video on R3's campaign against Crown Preference to see these mentions in action.
Wednesday 22nd July saw the Royal Assent of the Finance Bill 2019-21, which will mean that from 1st December 2020 HMRC will become a secondary preferential creditor in insolvencies, a move that R3, and the UK insolvency and restructuring profession, believe will damage the UK’s carefully cultivated business rescue culture...
R3 surveyed our members in early to mid May, to find out how the profession was finding levels of demand for its services, on both the personal and the corporate insolvency fronts...
This post looks at some of the economic damage that the COVID-19 pandemic has caused in the UK, following the news that monthly GDP for April 2020 was at a level last seen in the summer of 2002...
Following on from last week’s debate in the House of Commons, where it passed through all its stages in the lower chamber in one day, the Corporate Insolvency and Governance Bill had its second reading in the House of Lords on 10 June. Read more...
The second full month of the lockdown saw the Corporate Insolvency and Governance Bill introduced to Parliament, the first monthly publication of the corporate and personal insolvency statistics, and continued media interest in the profession, its processes and how it has responded to the pandemic.
James Jeffreys
Stuart McBride
Jo Tacon
