Chris Laughton named INSOL president

Mercer & Hole insolvency partner Chris Laughton is named president of INSOL Europe, the European trade body for insolvency practitioners.

Laughton, who specialises in cross-border restructuring, wants to push the communication agenda during his term as president.

He hopes to encourage other insolvency practitioners (IPs) to communicate better, work closer with stakeholders and the wider business community when a business fails.

“The view seems fairly widespread that appointment of insolvency practitioners leads automatically to business closure or an escape route being provided to those seeking to avoid their creditors,” he said.

“Seeing the insolvency industry as the bad guys prevents businesses instructing recovery and restructuring experts quickly enough to prolong a business’s life.”

The INSOL Europe conference is currently taking place in Vienna with another conference due in March 2011 in Italy.

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