Industry Guidance Note (IGN 007) Issues to Consider for Insolvency Practitioners and Telecommunications Carriage Service Providers in relation to Carriage Service Providers in Financial Difficulty
Communications Alliance has published Industry Guidance Note IGN007 Issues to Consider for Insolvency Practitioners and Telecommunications Carriage Service Providers in relation to Carriage Service Providers in Financial Difficulty INSERT LINK.
The Guidance Note was prepared by the Service Continuity Working Group (SCWG) – a group comprised of Communications Alliance, telecommunications industry representatives, the professional body of company liquidators and bankruptcy trustees (the Australian Restructuring Insolvency and Turnaround Association, ARITA), and others involved in the insolvency and restructuring profession. The group also has observer-members from the industry regulators, ACMA and ACCC, and from the Federal Department of Communications.
The Guidance Note is designed to be a useful resource for insolvency practitioners, for those working in the telecommunications sector; and for those impacted by an insolvency, to assist them to understand the processes involved in an insolvency scenario. It intends to facilitate better service continuity outcomes for consumers in circumstances where a CSP finds itself in financial difficulty, while also taking account of the legitimate interests of service providers, creditors and shareholders.