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|LASPO exemption and period of stability top of insolvency profession’s new Government wish-list|
|Friday, 29 May 2015|
A permanent exemption for insolvency litigation from the Legal Aid, Sentencing and Punishment of Offenders (LASPO) Act and a period of stability to assess the impact of previous insolvency reforms are at the top of insolvency trade body R3’s wish-list for new insolvency minister the Rt. Hon. Anna Soubry MP.
Andrew Tate, R3 vice-president, says: “The UK’s insolvency profession is a crucial part of UK plc. It’s very important that the impact of any legislation on insolvency is thought about carefully and that maintaining our successful system that supports business rescue, financial rehabilitation, and debt repayment is a key consideration in policy development.
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