The Conservative Party have dropped their plans for business insolvency reform

The Conservative Party have ‘quietly dropped’ their plans for business insolvency reform after opposition from business leaders, according to the FT.

David Cameron had originally called for the introduction of US-style Chapter 11 protection rules, saying that the UK’s insolvency process did not offer enough protection to

distressed companies, a move that was met with little enthusiasm by businesses.

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The Conservative Party have dropped their plans for business insolvency reform