That's the view of Christine Convy, the founder of Dundee, Fife and Glasgow-based restructuring specialist Dunedin Advisory. She said the lack of a restructuring culture in Scotland means many firms are unaware of tools that could put their business on a surer footing.
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Using existing legislation with the use of a Company Voluntary Arrangement (CVA) and the provisions within the new restructuring bill currently being considered by parliament, may be more readily used as a mechanism to formalise restructuring plans.
Company Voluntary Arrangement (CVA), new restructuring bill, pandemic
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