The UK insolvency framework needs to be re-aligned to better promote the
survival of viable companies, the head of the Institute of Directors Miles
In a letter to ft.com, Templeman argues that the Chapter 11 regime in the
United States does a better job in sustaining enterprises as going concerns than
UK laws do.
Templeman points to the ability of boards to run struggling companies under
Chapter 11, in which they can pursue a re-organisation with creditors at an
In contrast, UK companies are run by court-appointed administrators, in what
he describes as a ‘management-displacing process.’
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies