Corporate Recovery & Restructuring: Examinership changes welcome but is more change needed?

Measures taken to reduce the legal cost of examinerships will help distressed companies, but the overall costs are still prohibitive for many.

23rd February, 2014

The crux of the policy underlying the existence of examinership is not unique - the needs of the many outweigh the needs of the few. Translation: it is better for society and the economy as a whole to allow a fundamentally sound company to survive, ensuring continued employment and involvement in business activity (the many), even if this means that creditors of that company (the few) may suffer a writedown as part of the restructuring...

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