On 25 May, the Insolvency Service launched a review of the UK corporate insolvency framework, including proposals for:

• introducing a moratorium for distressed businesses to benefit from protection against legal action while considering their options for rescue
• widening the definition of essential supplies, with appropriate safeguards for suppliers, to assist distressed businesses
• developing a new restructuring plan to increase the options available to rescue businesses
• increasing the availability of rescue finance

Responses are requested by 6 July 2016.

Read the full review of the corporate insolvency framework: a consultation on options for reform [pdf]