The All-Party Parliamentary Group (APPG) on Fair Business Banking has started a six month project, with support from City law firm Humphries Kerstetter.
Kevin Hollinrake, co-chair of the APPG, said: In recent years there have been a number of high-profile failures in the insolvency industry. The APPG has also received its fair share of complaints about the system. This is why we thought now would be a good time to conduct our review, identify any failures and suggest practical ways they might be addressed.
The group said a key focus of the investigation is likely to be on the relationship between insolvency practitioners and the lending institutions that have the power to appoint them.
The APPG reported it has received a number of compl…
Read the full article at: https://www.accountancydaily.co/mps-investigate-corporate-insolvency-market
