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NLJ this week: Light touch rescue

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14 May 2020
Issue: 7886 / Categories: Legal News , Commercial
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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. 

 

Issue: 7886 / Categories: Legal News , Commercial
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