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Commercial Awareness Discussion
Commercial Awareness Update - May 2020
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<blockquote data-quote="Jaysen" data-source="post: 30482" data-attributes="member: 1"><p>It's a great question and I think you're right here. I'd say that the LTA is useful for the time being, but I imagine it'll be less relevant for many companies once the legislation is introduced (although there might still be some merit in opting for an LTA).</p><p></p><p>That said, I still think it's fine to discuss the LTA if you'd prefer to. There are still enough discussions on this, including recently:</p><ul> <li data-xf-list-type="ul"><a href="https://www.accountancyage.com/2020/06/12/bdo-sued-for-250m-over-light-touch-administration/" target="_blank">B</a>DO being sued over its agreement to undertake an LTA (<u><a href="https://www.accountancyage.com/2020/06/12/bdo-sued-for-250m-over-light-touch-administration/" target="_blank">link</a></u>)<br /> </li> <li data-xf-list-type="ul">Victoria Secret's use of the LTA (<a href="https://www.consultancy.uk/news/24845/deloitte-appointed-for-victorias-secret-administration" target="_blank"><u>link</u></a>)</li> </ul><p>You just might want to keep in mind any follow up questions which might bring in the proposed legislation.</p></blockquote><p></p>
[QUOTE="Jaysen, post: 30482, member: 1"] It's a great question and I think you're right here. I'd say that the LTA is useful for the time being, but I imagine it'll be less relevant for many companies once the legislation is introduced (although there might still be some merit in opting for an LTA). That said, I still think it's fine to discuss the LTA if you'd prefer to. There are still enough discussions on this, including recently: [LIST] [*][URL='https://www.accountancyage.com/2020/06/12/bdo-sued-for-250m-over-light-touch-administration/']B[/URL]DO being sued over its agreement to undertake an LTA ([U][URL='https://www.accountancyage.com/2020/06/12/bdo-sued-for-250m-over-light-touch-administration/']link[/URL][/U]) [*]Victoria Secret's use of the LTA ([URL='https://www.consultancy.uk/news/24845/deloitte-appointed-for-victorias-secret-administration'][U]link[/U][/URL]) [/LIST] You just might want to keep in mind any follow up questions which might bring in the proposed legislation. [/QUOTE]
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Commercial Awareness Discussion
Commercial Awareness Update - May 2020
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