|
|
|
17 Jul 2009
The first incidence is around the government’s plans to reform the insolvency process to offer more companies rescue deals, rather than forcing them into pre-pack administration deals that hit creditors hard.
A consultation has been launched, which closes on 7 September.
However, industry players have expressed concern at a clause that will allow credit insurers to offset the proceeds of any sales made post insolvency against their final payout to creditors.
If a distributor continues to supply a reseller that has gone into administration, they could risk losing all money from transactions made after the administration.
Hardly an incentive to support struggling firms, is it?
As a result, channel companies are asked to submit their views before the consultancy period ends. I will also be interested to hear the insurers’ take on it and whether they would actually invoke that clause.
Secondly, Atradius has been lambasted by Quadnet for pulling all its credit insurance, without, the VAR claims, giving it a chance to put its business case across.
This has seriously affected the firm’s ability to trade and it has had to turn business away as a result.
There are two sides to every story, but this kind of behaviour by the credit insurers does not help anyone in the long run, and I hope the issue is resolved in a positive way very soon.
Sara Yirrell is editor of CRN sara.yirrell@incisivemedia.com
Related articles
In this video find out about the fast-growing Chinese vendor's plans for market domination and how the channel is its route of choice
Find out what gifts Acer has in store for partners for 2012 in this exclusive roundup of its recent conference
CRN's premier networking event is back on 17 May at the Ricoh Arena
Date: Thu 17 May 2012
Channel fighters preparing to square up once more on 24 May
Date: Thu 24 May 2012
The proliferation of endpoint devices within the enterprise has highlighted the shortcomings of one of the traditional approaches to data security
This Forrester report compares the costs and benefits of legacy email and productivity software with Google Apps
Dave discovers that rozzers are seemingly living in the technology dark ages
Mark Needham, founder of distributor Widget, argues that John Browett leaves for Apple with Dixons in better shape than when he arrived
|
|
|
Do you agree?
Have your say