Let’s turn around the turnaround

Legal column What does the future hold for the new Revenue/Customs and Excise turnaround unit?

The Review of Company Rescue and Business Reconstruction Mechanism, which was published in May by the DTI, contains some far-reaching proposals. In it, the Government makes it clear that it is keen to develop the rescue culture, reassess the rights and remedies available to secured and unsecured creditors and review the duties of directors in companies experiencing...

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