Insolvency law changes may be missing the point

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By Jon Hay
16 Apr 2020

Insolvency and restructuring practitioners have been catapulted into an unprecedented whirlwind of activity by the coronavirus, as even healthy companies suddenly find themselves staring over a financial precipice. In the UK, the government will change insolvency rules to ease these situations, but specialists believe there is more to be gained by using existing laws better.

The speed with which the coronavirus has swept into Europe, causing at first slow, but then quickly escalating government responses of shutting down non-essential economic activity to stop the spread of the disease, is unlike any previous economic crisis.

“There are very few businesses not dramatically affected by ...

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