The article reports the proposals by the government of Great Britain as of mid-September 2016 to change its insolvency procedure as of mid-September 2016, as well as the reactions by restructuring practitioners on the plan. Among the proposals are improved options for rescue financing and more flexible procedure. Also cited are the position by small and medium-sized enterprises (SME) on the proposed reforms, and the possible need of some form of supervision by an external party on the process.
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