Overview
Aymen Mahmoud, a partner at law firm McDermott Will & Emery, said:
“As the government sought to protect enterprise with loans during the pandemic, there were the unfortunate but inevitable nefarious abusers of the system. It is very good to see legislators both acknowledging the problem and signaling to abusers that they will be sought out. This is one of the first moves to address this problem that has been seen internationally and showcases the continued strength of the English legal system in being a first-mover in providing cutting-edge solutions.”
