Light touch administrations have been a part of insolvency law for more than 30 years but have remained relatively underutilised for a number of reasons. However, the unique economic impact of the coronavirus pandemic has put a great number of otherwise well-positioned businesses at risk of insolvency – making the light touch administration increasingly relevant.
In the latest episode of Uncharted: the road to recovery, our panel of experts discuss this new trend and the importance of recent administrations including Debenhams, Carluccio’s and Victoria’s Secret in setting a precedent for administrators supporting strong management teams in the months ahead.
Welcomed onto the panel by our host Rebecca Burn-Callander (former enterprise editor at The Telegraph) are legal expert Joanne Rumley of Foot Anstey and the Insolvency Lawyers Association, and FRP’s CEO Geoff Rowley. They are also joined by FRP Restructuring Partner Alastair Massey who provides unique insight into the practicalities of running a light touch administration.
Preserving jobs is going to be a priority for both businesses and politicians in the coming years and light touch administrations may well play an important role.Alastair Massey Restructuring Advisory