Business Focus: Coping with insolvent customers or suppliers
It is an unfortunate reality of today's business climate that most of us will have to deal with a customer or supplier that becomes insolvent.
The introduction of the Enterprise Act heralds a major shift in the relationship between debtors, creditors and the other stakeholders affected by an insolvency situation. It is reasonable to say that trade creditors have usually fared badly when compared with secured creditors in terms of making a recovery in an insolvency. It may be that the Enterprise Act will improve their lot and certainly that is the intention.
This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651