Month: September 2020

The Chancellor’s latest raft of fiscal measures to support SMES and minimise job losses are a sensible short-term approach, but could have costly long-term effects for the nation, according to one of CVR Global’s leading insolvency professionals. Rishi Sunak announced that the furlough scheme will be replaced by a new Job Support Scheme that will …

Continue reading “New Covid-19 fiscal measures sensible in short-term, but with costly implications”

A landmark court judgment ruling that insurers cannot walk away from businesses that have claimed for pandemic-related losses cannot yet be viewed as a lifeline for troubled companies, according to a leading insolvency practitioner. The High Court of England and Wales has recently ruled that despite insurers arguing that business’ Coronavirus losses were outside of …

Continue reading “Why landmark business interruption court verdict is not a commercial lifeline – yet!”

Company Voluntary Arrangements are going to be vital in providing a launchpad for the UK economy’s recovery over the coming months and need strong backing across UK plc, according to a leading insolvency practitioner. A Company Voluntary Arrangement (CVA) is an insolvency-avoidance process where a debtor agrees a repayment plan with its creditors over a …

Continue reading “CVAs are the launchpad for UK economy’s recovery”