UK: a review of the corporate insolvency framework

A joint consultation paper - from the Insolvency Service and Department for Business, Innovation and Skills - was published today and seeks views on reforms to the corporate insolvency framework: see here (pdf). Four main proposals are outlined, including the introduction of a new moratorium as well as reforms designed to make it easier for companies to continue trading during restructuring. Further information, including a response form and impact assessment, is available here.