A revised moratorium to help business rescue: A review of the latest reform proposals

On Sunday 26th August 2018, the Government unexpectedly published proposals for the most significant changes to the corporate insolvency framework since the enactment of the Enterprise Act 2002. Including amongst the reforms set out in 'Insolvency and Corporate Governance: Government Response' was the proposal for a pre-insolvency moratorium, developing the proposal initially set out in the 2016 'A Review of the Corporate Insolvency Framework: A consultation on options for reform'. This article considers the proposed new moratorium and issues still to be addressed.