During this talk, Dr Oriana Casasola, Lecturer in Commercial, Corporate and Banking Law, School of Law, University of Leeds, presented the interim results of her research in this area.
Overview:
Farming is an essential economic activity at the base of the supply chain that fulfils the basic human need for food. At the same time, farming activity is exposed to specific economic, atmospheric, and biological risks that expose this pivotal sector to a substantial risk of insolvency. The relevance and peculiarities of the farming sector has been recognised in countries insolvency and restructuring frameworks such as the United States of America, which have a particular insolvency procedure dedicated to them. In other countries, such as Italy and Poland, farmers enjoy an exclusion from major insolvency proceedings. Instead, farmers do not benefit from special treatment under the English Insolvency Act 1986. Drawing from interviews with stakeholders in the field of farmers' insolvency, this paper explores the challenges that farmers face in accessing and succeeding within the current U.K. insolvency regime. Additionally, learning from a comparison with the U.S.A. and Australia, this paper will suggest routes of reform to the current English approach to farmers’ insolvency.
Welcome and introductions from the Chair, followed by a 20-minute webinar presented by Dr Oriana Casasola, and 10 minutes for Q&A.
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