A Review of the Corporate Insolvency Framework: A new moratorium to help business rescue?

Abstract

With a view to making Britain the best place in the world to start and grow a business, on 25 May 2016 the Government launched “A Review of the Corporate Insolvency Framework: A consultation on options for reform.” A central plank of the consultation was the proposed introduction of a pre-insolvency restructuring moratorium. The article considers the proposals in light of responses to similar proposals put forward in 2010, to consider whether the proposed reforms address the prevailing issues.