A co-regulation licensing regime for insolvency practitioners
A new co-regulatory licensing regime for insolvency practitioners is currently being considered by Parliament.
The Insolvency Practitioners Bill
On 28 June 2018, the Government tabled a supplementary order paper (SOP) to the Insolvency Practitioners Bill.
The SOP provides a co-regulatory licensing regime for insolvency practitioners. It also makes changes to the Companies Act 1993 and Receiverships Act 1993 to:
- improve the list of automatic practitioner disqualifications
- provide the High court with an effective means to disqualify practitioners
- increase the difficulty in which debtor friendly liquidators can be appointed
- void the transfer of a company’s assets once a liquidation application has been filed.
If you have any questions about the new regime email email@example.com