On the 12 November 2009, the OFT launched a market study into corporate insolvency. The investigation was prompted by concerns raised with the Government and the Insolvency Service, and also following a recent World Bank report which showed that the costs of closing a business in the UK are higher than in other countries.
United Kingdom, Competition & Antitrust, Insolvency & Restructuring, Squire Patton Boggs, Office of Fair Trading, World Bank