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Syndicated Loans

Hasty UK insolvency law gives unequal rights to creditors

Patisserie Valerie UK insolvency from PA 29Jun20 575x375

The UK’s new insolvency law came into force on Friday, and lawyers have been spending the weekend picking through its 250 pages to understand the implications. While some have welcomed it, others pointed out that in its haste to push it through Parliament, the government has introduced several changes that skew the balance between various kinds of lenders which hitherto had been treated equally.

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