UK Bill leaves upper house with new powers for pensions and financial creditors’ priority scaled back
UK Houses of Parliament (Credit: Shutterstock.com/DropOfLight)
An end to super-priority for financial creditors’ accelerated debts, new powers for the Pension Protection Fund, and more time for the government to regulate pre-packs: the Corporate Insolvency and Governance Bill has had the scrutiny of the UK parliament’s upper house, but as before, only the government’s tabled amendments were accepted.
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