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The English Parliament has rightly been named, "the mother of all Parliaments." The Insolvency Service cannot claim such an illustrious heritage. The organisation does, however, have many sister organisations throughout the world which might view it as the mother regulator. There is certainly close discussion and contact across the globe in relation to policy and regulation of this most important area amongst the various regulators. A perusal of their websites always makes interesting reading. Here are a small sample:
"This is the ultimate statement of where the law on IVAs is to be found in our great common law...