The UK's Department of Trade and Industry last week announced that the Enterprise Act, which was passed last November, will come into full force on June 20.
The act aims to strengthen the country's competition law framework by increasing the rights of consumers and amending existing bankruptcy and corporate insolvency legislation. Although parts of the new law came into force at the beginning of April, the bulk of the Act remains to be implemented.
Changes contained within the Enterprise Act include an extension of the Stop Now Order regime to protect consumers from traders who do not meet their legal obligations, and provisions for consumer groups to make 'super complaints' to the Office of Fair Trading, to which the OFT will be obliged to respond within 90 days.
The Act also contains various changes to the UK's corporate insolvency regime, including the abolition of the Crown's preferential right to recover unpaid taxes ahead of other creditors of a collapsed business, and provisions to reduce the administrative and financial burden on those whose businesses have failed through no fault of their own.
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