Cranney & Morton seen doing cartwheels ..........

[mk1]

https://www.thorntons-law.co.uk/knowledge/new-law-can-force-suppliers-to-continue-supplying-insolvent-companies



It stops suppliers refusing to continue to supply or refusing to supply unless arrears are met...................The new provisions, set out in Clause 12 of the Bill, essentially prohibit the enforcement of termination clauses triggered by insolvency.  This means that suppliers will be compelled to continue to supply, even where there are pre-insolvency arrears.

[admin]

What? Not clear what's meant here.

[mk1]

If you are  having trouble paying creditors and are going bankrupt then suppliers can now  be forced to continue  goods deliveries without cash-up-front.

[akarjl2]

https://www.thorntons-law.co.uk/knowledge/new-law-can-force-suppliers-to-continue-supplying-insolvent-companies



It stops suppliers refusing to continue to supply or refusing to supply unless arrears are met...................The new provisions, set out in Clause 12 of the Bill, essentially prohibit the enforcement of termination clauses triggered by insolvency.  This means that suppliers will be compelled to continue to supply, even where there are pre-insolvency arrears.

I would expect most businesses these days to do some due diligence and check companies house etc before granting any form of credit- C and M are well known and anyone local can quickly read about their business practices.

[Inspector Knacker]

'triggered by insolvency'.....so if a company is solvent, like most companies, they'll have to cough up...?