Ripping Up Europe’s Insolvency Rules Won’t Save Its Companies
- Reforms will come too late for many businesses hit by virus
- Almost a fifth of smaller U.K. companies will fail in weeks
A closed Carluccio's restaurant in West Bridgford, Nottingham, U.K.
Photographer: Tim Goode/PA Images via Getty Images
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European governments are ripping up their insolvency laws to stem the tide of companies set to collapse over the Covid-19 pandemic, but for many businesses it may be too little too late.