Regulation is coming for insolvency practitioners. Many of the changes will be applicable in June 2020.
Given the impact of Covid-19 the regulation of insolvency practitioners may have come at a good time. Unfortunately, the reality is many businesses are going to fail and end up in liquidation. We need regulation as there are those that operate outside of acceptable ethics.
What do regulations mean on the front line of practice? Brent Norling, an insolvency specialist lawyer discusses this with insolvency practitioner/liquidator Damien Grant of Waterstone Insolvency.
We will discuss how this may improve the practice, the industry and whether we can expect more ethical practices. Also, we discuss the controversial area of liquidator fees and whether these are going to be impacted.
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