Abstract
In its consultation document “Encouraging Company Rescue” of June 2009, the Department for Business, Innovation and Skills (DBIS) invited comments on proposals to extend the use of a moratorium against creditor action in a company voluntary arrangement and to improve access to rescue finance. While recognising that the UK insolvency regime is well regarded internationally, DBIS wishes to enhance the regime further. A number of the proposals would have far reaching implications. The Financial Law Committee of the City of London Law Society, expressed support for some proposals and reservations about others. This article explains the Committee's views and its suggested alternative restructuring proposal.1
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