04 Mar 2015
Certain providers of essential supplies (gas, water, electricity) have for some time been unable to hold insolvent companies to ransom by demanding payment of outstanding charges as a condition of continued supply. Legislation extending these measures is due to come into force on 1 October 2015. However, the list of supplies classed as 'essential' remains limited.
This briefing considers whether the reforms go far enough, and asks whether it is time to consider extending these measures by preventing a wider category of suppliers from cancelling contracts with companies that enter rescue procedures, or demanding more favourable terms as a condition of continued supply.
This material is provided for general information only. It does not constitute legal or other professional advice.
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