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The Insolvency Service (IS) and others have worked hard over the previous year. Some fruits of their labour and their Northern Irish and Scottish counterparts can now be seen in the raft of new legislation that was published at the end of last month. We now have the following to mull on, which comes into force on the 30 June 2011:
"This is the ultimate statement of where the law on IVAs is to be found in our great common law...