New Government plans to introduce reforms to the UKs corporate insolvency regime have been broadly welcomed by a regional industry expert.
Alexandra Withers, North East vice chair of insolvency and restructuring trade body R3, was speaking after the Department for Business, Energy and Industrial Strategy (BEIS) revealed the initial results of its wide-ranging consultation on insolvency and corporate governance.
The announcement outlined plans to give the Insolvency Service greater powers to investigate directors of dissolved companies when they are suspected of having acted in breach of their legal obligations around pay, pension schemes and other matters.
Measures which will ensure greater accountability of directors in group companies whe…
Read the full article at: https://www.businessupnorth.co.uk/broad-welcome-for-governments-corporate-insolvency-reforms-from-r3-north-east/
