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26 October 2018
The UK government announced on 26 August 2018 that it will legislate to update the restructuring and insolvency systems, with the aim of the UK retaining the gold standard regime. The reforms are a response to international developments (with countries such as Spain and the Netherlands recently introducing updated insolvency systems) and some domestic corporate collapses which have put the UK system under stress.
The reforms are wide-ranging. Headline changes will include:
Proposals include the following:
For further information on this topic please contact Nick Moser at Taylor Wessing by telephone (+44 20 7300 7000) or email (email@example.com). The Taylor Wessing website can be accessed at www.taylorwessing.com.
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