8 October 2018
Looking beyond Brexit is a clear focus for the Department for Business, Energy and Industrial Strategy. This is apparent from the recent proposals for corporate insolvency reforms in the UK. In a government response to a consultation on insolvency and corporate governance published at the end of the Summer, they set out wide ranging proposals for future reform in the UK restructuring and insolvency market. The purpose of the reforms is to ensure that the UK remains a jurisdiction of choice when it comes to restructuring. There is no definite timetable for the introduction of the reforms – and the proposals are currently expressed in high level terms. The detail of the legislation will become clearer once the parliamentary process is pursued.