answer text |
<p>In May 2016 the Government published its Review of the Corporate Insolvency Framework
consultation. The consultation contained a package of proposals to improve the rescue
opportunities for financially-distressed companies.</p><p> </p><p>A summary of responses
to the consultation was published in September 2016.</p><p> </p><p>Following the publication
of the summary of responses, the Government has continued to engage with a range of
interested parties to further discuss and explore issues raised in responses to the
consultation. This further engagement will ensure that any reforms, if necessary,
will be fit for purpose and best achieve the Government’s aims of rescuing distressed
but viable businesses, preserving economic value and saving jobs.</p><p> </p><p>The
Government will set out the way forward for the proposals in its response later this
year.</p><p> </p>
|
|