Insolvency legislation and the procurement dilemma

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Thoughtful post from procurement expert Peter Smith on last week’s news that three City Link directors are set to be prosecuted for not giving the UK government sufficient notice that the firm was due to enter bankruptcy and make thousands of staff redundant. Mr Smith argues that the 90-day notice the law requires is “nonsensical”, since every customer of that firm would pull its business as soon as it could, thus further accelerating the impending bankruptcy. “So the act of ...