Mark Fletcher says the new procedures proposed in the recent White Paper will need to be carefully implemented if they are to make the situation better rather than worse
September 13, 2001 at 08:54 AM
1 minute read
The original version of this story was published on Legalweek
At the end of July, the Government released its White Paper proposing the modernisation of the framework of personal and corporate insolvency law.
The Government hopes that its proposals will, when implemented, encourage responsible risk taking, facilitate the rescue of viable businesses and provide certainty and fairness to creditors and other stakeholders.
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