Global Insolvency & Restructuring Yearbook; The Enterprise Act 2002 - Over 18 Months On

    July 2005

    On September 15, 2003, the corporate and insolvency provisions of the Enterprise Act 2002 came into effect for Britain. The Enterprise Act is the newest of the insolvency reforms. Instead of simply transferring assets and business to a new company, it concentrates on rehabilitating the troubled company. The new act has streamlined insolvency procedures for speed and cost. The authors review the act’s impact after 18 months.

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