Together with Helen Martin, our article on this Bill - which currently is in its second reading in the House of Lords - first appeared in the October 2021 issue of PLC Magazine, see link here http://uk.practicallaw.com/resources/uk-publications/plc-magazine.
The Bill is set to target directors' conduct - where the voluntary strike-off process has been misused to avoid closer scrutiny of abusive practice relating to the government-backed COVID 19 loan schemes - resulting in potential disqualification and personal liability.
With the well-publicised sharp jump in UK fraud cases - and the FT's reporting that UK banks warn that it represents a 'national security threat' - this Bill should be prioritised, and pass into law without delay.
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