What is the government's stance on phoenixing?
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what is phoenixing a company
- How can the development of more effective tools for identifying and tracking individuals who are subject to bankruptcy restrictions or other similar orders in other jurisdictions help to prevent phoenixing?
- How does phoenixing affect insurance claims and payouts?
- How does phoenixing impact creditors?
- How can the development of more effective tools for identifying and tracking the movement of goods and services in the period leading up to insolvency help to uncover evidence of phoenixing?
- How can the development of more effective tools for identifying and tracking the transfer of customer data and goodwill from an old, failed company to a new, phoenix company help to uncover evidence of unfair or anti-competitive practices?
- What are the legal implications of phoenixing?
- How can the development of more effective mechanisms for cross-border recognition of insolvency proceedings help to prevent phoenixing across jurisdictions?
- How can the development of more effective mechanisms for ensuring the recovery of tax debts owed by companies that have been involved in phoenixing help to protect public finances?
- How can the potential for the misuse of factoring and invoice discounting arrangements to facilitate the transfer of value to a phoenix company be better understood and regulated?
- How can the potential for the misuse of corporate vehicles registered in secrecy jurisdictions to facilitate cross-border phoenixing be better understood and addressed?
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