David Fleming, Managing Director in Duff & Phelps Restructuring Advisory practice, was featured in an ACCA Global article discussing the introduction of the Corporate Insolvency and Governance Bill and how it will allow distressed companies undergoing a restructuring or rescue process to continue trading during the COVID-19 crisis.
David commented: “Of the three permanent changes to the insolvency regime, the most impactful is the introduction of a ‘company moratorium’. This provision will give distressed companies which are viable 20 business days, extendable to 40 or longer by agreement, to pursue a rescue plan.”
Read the full article here.
