Professor Peter Walton and Dr Lzelle Jacobs, University of Wolverhampton
Executive summary
Key New Findings
- Consistently with the Interim Report from June 2022, the Restructuring Plan continues to be seen as satisfying its policy objectives
- Latest evidence has revealed greater ambiguity regarding the Moratorium than was suggested by the findings of the Interim Report although the measure has been used successfully
- The following points have been raised as areas of concern in relation to the Moratorium:
- the lack of a payment holiday in relation to financial creditors is seen as a weakness;
- Insolvency practitioners are worried about the reputational risk of acting as a Monitor in cases where a company rescue is not achieved;
- Certain aspe…
Read the full article at: https://www.gov.uk/government/publications/corporate-insolvency-and-governance-act-2020-evaluation-reports/corporate-insolvency-and-governance-act-2020-final-evaluation-report-november-2022