Overview
Ten years after their introduction, the UK government has conducted a new consultation on the Insolvency (England and Wales) Rules 2016, as well as the Insolvency (Scotland) (Company Voluntary Arrangements and Administration) Rules 2018 (the Rules). Rather than present a preferred package of reforms, the UK government has sought views on whether the Rules remain fit for purpose, whether there is scope to reduce administrative burdens, and how the procedural framework governing insolvency proceedings should respond to technological change. This blog post highlights some of the key themes of the consultation and the legislative reforms that may follow.
Proportionality
One key theme underpinning the consultation is…