Moved by
Lord Mitchell
84AHNZA: After Clause 74, Insert the following new Clause—
“Pre-packs
(1) The Secretary of State shall commission an independent review into pre-pack administration.
(2) Such a review shall report on but not be limited to the following—
(a) the adequacy of existing requirements in relation to transparency of arrangements;
(b) compliance with existing requirements by pre-packs including Statements of Insolvency Practice;
(c) adequacy of existing enforcement mechanisms in relation to compliance;
(d) rules relating to the continuation of supply to businesses on insolvency.
(3) A review under this section shall report to the Secretary of State no later than 12 months following the day on which this section comes into force.
(4) A copy of the report under subsection (2) shall be laid before both Houses of Parliament.”