Insolvency & Restructuring News

Parliament Listens to the ILA

15/01/14

Links to the consultation papers and the responses of the Technical Committee are available on the Responses to Consultations page of our website.  

Our ILA consultation submissions are regularly quoted in government responses, and one was recently cited in the report of a Parliamentary Joint Committee, formed to scrutinise the Deregulation Bill. We had raised concerns about the proposals for a split profession: partial authorisation of insolvency practitioners, enabling insolvency practitioners to be authorised in relation to companies only or individuals only.  Click here and go to paras 210 - 214 for details. We are pleased to see a recommendation by the Joint Committee that the Government should consult further on this issue. 


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Recent Bulletins

A key service provided by the ILA is the provision of bulletins keeping its membership up-to-date with the latest developments in insolvency law.

Below are a selection of recent topics covered:

  • Esken Limited – interaction of para 83 Sched B1 and s221(4) IA 1986
  • English v SoS for Business & Trade – third exception to s216(3): r22.7 applies only to incorporated entities
  • Eversholt Rail – need for “reasonable requirement” under s235 and 236