This blog post sets out R3’s response to the APPG’s report and recommendations – including those that could help to make a positive difference to the current framework – while also highlighting some of the areas where we feel the report doesn’t get it right.
Once more, Company Voluntary Arrangements (CVAs) are in the spotlight, with several high-profile cases currently in the news. Taking some recent critical comments about the CVA process at face value might lead a layperson to assume that this business rescue tool is critically flawed. While there is room for improvement, it is important to consider this issue with the full picture in view, as we set out below.
A brief overview of the new business rescue procedures introduced by the Corporate Insolvency and Governance Act, and the existing corporate insolvency landscape...
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...
The Government has announced changes to corporate insolvency law to support businesses through the economic impact of COVID-19. This post sets out R3's views on the new tools for the profession...
James Jeffreys
Stuart McBride
Giorgio Buttironi
