27/03/20
The economic impact of COVID-19 has triggered calls for emergency fiscal and legislative measures to address liquidity and legal problems.
The ILA Technical Committee, in conjunction with the CLLS, has produced the attached briefing note to remind members of the flexibility to mobilise administration to stabilise, protect, and, if necessary, restructure companies.
We need to adapt our regime in new ways to meet this challenge demonstrating, once again, the world-leading flexibility which English corporate restructuring law offers. This may require us to get to grips with new tools, or it may require us to adapt our existing regime, but, in both cases, we should not forget that administration may have a role to play.
Rescue Administration: Saving Livelihoods