A balancing Act: the UK’s new corporate insolvency and governance law
Typewriter: does the CIG Act bring the UK up to date with the 1970s? (Credit: Shutterstock.com/MohdKhairilX)
When the clock struck midnight on 25 June, the UK’s restructuring and insolvency regime suddenly looked a lot friendlier for debtors, both temporarily pending the coronavirus’ havoc on the UK economy, and permanently. But does the new legislation rushed through parliament in under a month provide a serious contender to Chapter 11’s crown, or does it merely bring the UK up-to-date with the 1970s as one practitioner suggested?
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