14 Dec 2016
Policy area: BPF
Mathew Ditchburn, a British Property Federation representative, has been appointed as the next chair of the Joint Insolvency Committee (JIC).
Formed in 1999, the JIC provides a forum for discussion and standard setting between regulatory bodies and the Insolvency Service and is responsible for maintaining a set of industry wide guidance notes known as Statements of Insolvency Practice (SIPs), harmonising the approach to particular aspects of insolvency.
Mr Ditchburn, vice-chair of the BPF’s Insolvency Committee, is a solicitor and partner at Hogan Lovells specialising in property litigation with experience spanning the full range of real estate disputes, particularly within the added complexities of an insolvency scenario.
Commenting on behalf of the BPF, which joined the JIC in 2014, Ian Fletcher, the BPF’s director of policy, said Mr Ditchburn’s appointment was hugely significant and would be welcomed across the property industry.
“Mathew is the first JIC lay chair who straddles the IP and landlord camps and he will help to continue the progress IP stakeholders have made in recent years to build openness, trust and best practice in insolvency cases – which is the JIC’s mission.”
Mathew Ditchburn said it was an honour to be appointed. "The Committee does excellent work and many of the issues it deals with are of real importance to the property industry. Being chaired by someone outside the insolvency profession demonstrates the JIC's commitment to transparency and accountability."
Mr Ditchburn will take up his new role in March 2017, replacing Philip King of the Institute of Credit Management.
Philip King said: "I had the privilege of being the JIC's first lay chair and have enjoyed working with the organisations represented on it as we have revised and issued Statements of Insolvency Practice and addressed issues facing the sector. Mathew brings a wealth of knowledge and expertise to the role and I look forward to working closely with him as the Chartered Institute of Credit Management’s representative on the committee."
The BPF also paid tribute to Philip King, outgoing lay chair, for the sound direction with which he has provided the JIC and his contribution in helping to bring together the two sides of the industry.