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ARTICLE · 07 OCTOBER 2020

Close, But No CIGA

Morrison Foerster
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Change is never easy, even change for the better poses challenges, but the great strength of the industry is its adaptability

United KingdomInsolvency/Bankruptcy/Re-Structuring
Howard Morris
Howard Morris
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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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