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John Milsom is the Chief Operating Officer of KPMG LLP's UK and European restructuring practice. John is a vastly experienced insolvency practitioner (IP) of nearly two decades standing. He was interviewed at Jordan Publishing's London offices on 10 June 2011 by John Tribe. The interview ranged over such diverse topics as, inter alia, the legacy of the Cork Report, the remuneration of IPs and the recent criticism of IPs, the recent Office of Fair Trading Report into the insolvency professional, the reforms brought about by the Enterprise Act 2002, the use of pre-packs and the importance of creditor participation in the rescue process.
Biography of John Milsom
John Milsom read Geography and Economics at Exeter University, where he specialised in 16th century cartography. He graduated in 1984. He then went on to become an accountant taking the ACA (1987) and JIEB (1993) examinations. Following periods at Coopers & Lybrand Deloitte, Deloitte Ross Tomatsu and PricewaterHouseCoopers, John became a partner at KPMG in 2002. He is currently the Chief Operating Officer of KPMG's UK and European restructuring department. John's practice focuses on international restructuring. He is currently the joint receiver on the largest ever pre-judgment receivership covering 600 companies worldwide. He is also the officeholder in the famous TXU case. John is currently the ICAEW representative on the Joint Insolvency Committee and has been on the Insolvency Licensing Committee at the Institute since 2004. He is also chair of the Professional Standards Board at the Institute.
To listen to John Tribe's interview with John Milsom please click here.
"This is the ultimate statement of where the law on IVAs is to be found in our great common law...