Howard Morris spoke to restructuring and insolvency stakeholders to gather their views on the UK’s new Corporate Insolvency and Governance Act 2020 (CIGA) for a feature he wrote for RECOVERY magazine.
“Reform isn’t over,” Howard wrote. “The government will be looking carefully at the effect of CIGA. But there are elements of our restructuring and insolvency regime that will attract greater interest as we wrestle with the recession and its aftermath.”
He added: “Change is never easy, even change for the better poses challenges, but the great strength of the industry is its adaptability. While the tools may not be quite right to fix the problems with which we must deal, speaking with those around the industry has reinforced my view that we have the intellectual muscle and commercial chops to meet those challenges.”
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This article first appeared in the Autumn 2020 edition of RECOVERY magazine and is reproduced with the permission of R3 and GTI Media.