As MPs depart Westminster for the summer parliamentary recess, we are taking stock of an important piece of legislation for the insolvency and restructuring profession, and its progress so far through parliament.

From welcoming a new CEO to our Value of the Profession report, a round-up of what R3's Press, Policy and Public Affairs team got up to in May...

We look at the newly-published Bill proposing to give the Insolvency Service greater powers to scrutinise the directors of dissolved companies...

As the Recovery Loan Scheme Replaces BBLs, Keith Tully, Partner at Real Business Rescue, looks at the danger of debt loading…

We look at the Government's wide-ranging consultation on audit, and consider how the proposals will affect directors' responsibilities and corporate governance standards... 

The Government's recently published response to its consultation on Companies House's anti-fraud procedures contains a lot to celebrate, along with a few areas where we believe more action is needed...

On May 15^th, for the first time, the Insolvency Service (IS) released monthly figures for corporate and personal insolvencies (NB: corporate: England & Wales, Scotland; personal: England & Wales). The IS said that it was publishing on a monthly (rather than quarterly, as previously) basis “to provide more up to date information on the numbers of companies and individuals who are unable to pay debts and enter a formal insolvency procedure as the coronavirus (COVID 19) pandemic continues”.