Is Examinership The Answer To The Impending Economic Downturn?Posted in : Supplementary Articles ROI on 2 July 2020 Issues covered: Redundancy and Restructuring; Coronavirus; Examinership Process
While a sense of normality has been restored as a result of a number of businesses returning to work, many others continue to be significantly affected by cash-flow and other financial issues which have arisen due to these unprecedented times. Although temporary cost-cutting measures such as pay reductions, short time working arrangements and bonus deferrals have provided welcomed short-term relief, unfortunately for industries such as tourism, hospitality and transport that have been directly impacted by safety controls introduced to reduce the spread of COVID-19, it is unlikely that these short-term measures will be sufficient to secure the future survival of the business.
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