Are there ongoing efforts to strengthen legislation against phoenixing?
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what is phoenixing a company
- What are the potential impacts of increased transparency in the disclosure of information about the history of insolvencies and business failures of individuals acting as directors or significant shareholders of companies on the likelihood of phoenixing?
- What are the potential benefits of a more proactive approach to working with trade associations and industry bodies to raise awareness about the risks and consequences of phoenixing?
- What are the academic perspectives on the phenomenon of phoenixing?
- What are the potential benefits of a more coordinated approach between criminal justice agencies and insolvency regulators in the investigation and prosecution of illegal phoenixing activities?
- What are the potential benefits of a more proactive approach to working with business representative organizations to develop codes of conduct and ethical guidelines that address the issue of phoenixing?
- How can the development of more effective mechanisms for ensuring that directors comply with their legal obligations to cooperate with insolvency practitioners in the event of a company failure help to prevent the obstruction of investigations into potential phoenixing?
- How does the rise of digital business models affect phoenixing risks?
- How can whistleblowers be better protected when reporting phoenixing?
- How can the potential for the misuse of digital identities and online anonymity to facilitate phoenixing be better understood and addressed?
- How can the development of more effective tools for identifying and tracking individuals who have been disqualified from acting as directors in other jurisdictions help to prevent phoenixing?
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