Insolvency Lawyers Association Academic Forum – competition winner 2017 – Dr John Wood

As an academic who specialises in corporate insolvency, I was thrilled to be selected as the winner of the 2017 Insolvency Lawyers Association (ILA) prize. As such, I was invited to present my paper at the Academic Forum, as the early academic competition winner for 2017. This was for the prestigious ILA Academic Forum and Annual Conference in London, which took place at the Royal College of Physicians, on the 31st March 2017. See: http://www.ilauk.org/.

The ILA which was founded in 1989, provides a forum for lawyers and academics practicing in the fields of insolvency law and restructuring practice to co-operate on matters of professional interest, to network, to share know-how, and to represent the ILA’s view to Government and to other professional bodies having an interest in insolvency law and restructuring practice. Through its objectives, it is considered one of the leading professional bodies in insolvency law.

The paper I delivered was titled, ‘Painting over the cracks: is the UK’s regulatory framework efficient in identifying and deterring opportunistic behaviour within administration?’

The paper explored how the UK, in recent years, has sought to significantly revise its approach to how Insolvency Practitioners (“IPs”) are regulated by the Recognised Professional Bodies (“RPBs”). Specifically, it examined whether the recent legislative measures are effective in dealing with the concerns regarding high professional fees and whether the existing regulatory powers are adequate to ensure that IPs act within the remit of the Insolvency Acts, SIPs, and in the spirit of the Code of Ethics. Ultimately, it questioned whether the existing regulatory framework is efficient in its purpose to identify and deter opportunistic behaviour within administration.

The ILA forum was an excellent opportunity to discuss research and to enhance my own knowledge within the field. I have since written an article based on the presentation which I hope to have published soon.

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