ENTERPRISE ACT 2002 EVALUATION OF THE CORPORATE INSOLVENCY PROVISIONS.

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Presentation transcript:

ENTERPRISE ACT 2002 EVALUATION OF THE CORPORATE INSOLVENCY PROVISIONS

WHAT HAVE WE BEEN DOING? Corporate provisions came into effect Retrospective evaluation to explore what has happened In tandem with external research projects

KEY FINDINGS Promoted use of administration Encouraged use of non-court order entry routes Shortened duration of administrations Provided alternative exit routes Increased returns to secured and pref. crs

WHAT ARE WE GOING TO DO NOW? Continued evaluation Assess impact of prescribed part Possible consideration of CVL procedure Continue to encourage feedback from stakeholders Monitor impact of case law and other legislation on the Enterprise Act