answer text |
<p>Government has recently consulted on whether improvements could be made to the
existing restructuring options available within the insolvency regime. A summary of
responses to this consultation was published in September 2016. Government has continued
to discuss the proposals with interested parties and the issues that they raised since
this time. 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, therefore preserving both value and jobs.</p>
|
|