Keay – phoenix reforms

It is good to see that that several reform issues raised in my and Jason Harris’ textbook, Keay’s Insolvency, appear in the government’s anti-phoenix paper – as to a government liquidator, and funding of liquidators; dealing with abandoned companies; a focus on preventive rather than reactive regulation; and even down to the adoption of bankruptcy measures like 139ZQ notices.

These and other ideas originated in our joint 2013 INSOL paper given in the Hague, and our other writings.

But the one important reform we support is missing – a joint insolvency regulator.

These and other issues will be developed further in the forthcoming 10th edition of Keay.

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