Insolvency lawyers have been advising a ‘light touch’ administration for companies in trouble during the COVID-19 crisis, a barrister says
Writing in NLJ this week, Chloe Shuffrey, 3 Hare Court, explains the approach leaves certain
management powers and the day-to-day running of the business with directors
while administrators focus on devising a strategy for long-term viability.
Shuffrey highlights a ‘Consent Protocol’, which is being circulated by the
Insolvency Lawyers Association and City of London Law Society. She also
discusses issues of personal liability.
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