Creative destruction and the post COVID-19 economy : a critique of the (un)creative rescue value contained within the permanent CIGA 2020 reforms.

Wood, John (2023) Creative destruction and the post COVID-19 economy : a critique of the (un)creative rescue value contained within the permanent CIGA 2020 reforms. Journal of Business Law (3). pp. 197-221. ISSN 0021-9460

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Abstract

Considers the impact of COVID-19 on business wealth creation, the significance of the Corporate Insolvency and Governance Act 2020, introduced in response to the COVID-19 pandemic, and the concept of creative destruction, asking whether the pro-rescue policies implemented by the Act might lead to the artificial extension of the life span of some companies that would have otherwise failed.