Trade body cautions against move to US-style insolvency regime

Doug Woodburn
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Trade body cautions against move to US-style insolvency regime

Moving to an insolvency regime similar to the US' Chapter 11 system would not offer sufficient protection to creditors, R3 argues following closure of government consultation on the topic

Government proposals to introduce a three-month moratorium from creditor action for distressed companies would impinge on creditor rights, according to insolvency trade body R3. A government con...

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