Calls for Corporate Insolvency Reforms

The UK’s insolvency framework has apparently fallen from 13th to 14th place in the latest rankings from the World Bank, prompting calls for the UK Government to kick-start its stalled corporate insolvency reforms.
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UK faces 5% rise in insolvency levels over the next 12 months

Euler Hermes have conducted an Economic Study in which they find insolvencies in UK business will increase by 5% over the next 12 months.  This prediction sees the biggest rise of any major European market, as well as the first rise in 7 years in the UK.  While the UK may be bucking the trend in Europe, globally insolvencies are set to increase across the board.  Many factors have been blamed for this increase, namely a slowdown in GDP growth, as well as a depreciation in value of Sterling.

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BHS liquidation proceedings begin, ending iconic 88-year history in the UK

British retail chain BHS has officially entered liquidation after falling into administration earlier this year.

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Consultation Over Proposed Reforms of UK Insolvency Regime

The UK Government has identified four broad areas of possible reform of the country’s insolvency regime, and has launched a consultation exercise to seek views on its proposals.

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Number of Solvent Liquidations Rises Sharply

Number of Solvent Liquidations Rises Sharply

New research has a revealed a sharp rise in the number of solvent companies being wound-up, with numbers apparently reaching record levels in March this year.

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