The government's recent decision to allow examinership applications through the circuit court may sound like welcome news for many cash-strapped businesses.
Dubbed ''examinership lite'', the new system is designed to reduce the cost of using the examinership process to restructure and save businesses. While positive, a note of caution needs to be sounded, also.
Many in the insolvency profession are sceptical about the cost savings that will result. Others have voiced concerns over the ability...
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