An Examination of the Evolving Approach to UK Corporate Rescue and the Impact of Subsequent Legal Reforms

Abstract

This paper aims to provide a circumspect examination Corporate Rescue Laws in order to ascertain whether subsequent reforms brought about any notable changes. It explores whether recommendations such as those in the Cork Committee Report 1982 were a complete, partial or total failure. However, it is likely that only partial success was achieved given recent statutory changes. Legal developments in Corporate Rescue Laws are examined through three centuries from a state of no recourse for troubled firms in the 19th century to a rescue dominated corporate world we live in today.