Using a restructuring plan to compromise HMRC: risks post-Petrofac

Seán McGuinness of Womble Bond Dickinson takes the position that HMRC are coming close to overplaying their hand, and that the basis upon which HMRC will support a restructuring plan should not be confused with what HMRC are fairly entitled as a creditor, urging the restructuring industry to be wary of allowing HMRC to elevate the nature of case-by-case uplift deals to the level of what "must" be done in all cases.

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