Summary
The UK Insolvency Service published a consultation on 25 March 2026 (closing 17 June 2026) proposing the most comprehensive reform of corporate civil enforcement in four decades. The reforms would expand the Insolvency Service’s remit beyond insolvency to cover all corporate misconduct in live, insolvent, or dissolved companies. Key proposals include: (1) structural reforms: mandatory disqualification on public interest winding up, a new director restrictions regime, shifting disqualification decision-making from the courts to the Insolvency Service, reversing the burden of proof for undervalue transactions with connected parties, and a new disqualification ground for HMRC securities breaches; (2)…