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Restructuring plans - the flexible friend for business rescuers

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The development of new business rescue techniques and tools is often driven by major crises, as old processes are rendered ineffective by fundamental changes in the financial world.

 

The pandemic was just one such event, generating in the UK a novel and much more flexible way of preserving struggling businesses: the Restructuring Plan.

 

As UK Courts continue to interpret the legislation, this procedure is being applied in increasingly innovative ways to facilitate corporate survival explains the author of this article.​

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