The Deregulation Bill: reducing standards?
The government is debating the proposals to the Deregulation Bill. Although the bill is generally supported, there is one controversial clause (Clause 9), which will introduce partial licences for insolvency practitioners (IPs). Currently, IPs must train and pass exams covering both corporate and personal insolvency to become qualified. Under the new proposals in the bill, IPs would be able to train in personal or corporate insolvency and then only practise in their respective field.
The government has introduced the new measures to try to increase competition and to reduce bureaucracy in the market. However, the response is mixed, including some scathing criticism revolving around the core of the measures’ aim and the adverse effect on competition and smaller practices…
Click on the link below to read the rest of the Gateley briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Gateley
News from The Lawyer
Briefings from Gateley
What the law (s244) says about credit terms once a company has fallen into insolvency
A heritable creditor is required to ‘take all reasonable steps to secure that the price at which all or any of the subjects are sold is the best that can be reasonably obtained’.
Analysis from The Lawyer
The Law Society recently published guidance to assist solicitors draw up Shariah-compliant wills, causing outrage in some quarters. Gateley’s Haroon Rashid explains the facts.