The Covid-19 crisis could plunge the UK into the worst economic depression since the 1930s, and with it will come a spate of corporate insolvencies. In this article, Marc Jones explains why the existing insolvency regime is out of tune with the current government policy of saving good businesses and what needs to change to bring it into line.
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The last few decades have seen a steady increase in ‘non-party costs orders’. These are court orders against non-participating people or entities requiring them to pay (either fully or partially) the costs of litigation in which they are not formally involved as parties. This year has proven to be one of flux for such liabilities.
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