The Enterprise Bill has been introduced to give unsecured creditors the same rights in insolvency proceedings as big institutional lenders. Mike McCarthy and Julian Turner take a look at the bill and ask: has it gone too far?
September 11, 2002 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
The Enterprise Bill was introduced to Parliament on 26 March and is currently in the latter stages of its journey through the House of Lords.
If it proceeds on schedule, it should come into force next year. One of the most significant provisions of the bill would substantially alter the law relating to secured lending and insolvency.
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