The Island's Treasury Minister says he's hoping for a shake-up in the Island's insolvency laws soon.
In the House of Keys this week he faced questions from Arbory, Castletown and Malew MHK Jason Moorhouse about any planned changes to the legislation.
Dr Allinson says parts of the Island's laws governing businesses which go under are out of date and currently being updated.
He added changes are being considered and should be published soon:
Loganair opens bookings to Southampton from Ronaldsway
Loganair is taking bookings for flights to Southampton later this year.
UK MP wants answers from a Manx property development company
A Cornwall MP says she wants to meet an Isle of Man property development company over a stalled project.
Boston buys Aqua Group
An Isle of Man family office has expanded its business.
Questions over island's insolvency laws
Are the Island's insolvency laws being updated?
MHK wants to know about progress on moving Companies Registry online
What progress has been made to move the Companies Registry online?
Applications open for trade stands at the Southern District Agricultural Show
Applications are now open for businesses to apply for trade stands at an agricultural show on the Island.
The Financial Services Authority will explain its future plans at an event later this year
The Island's financial regulator will host an event in Douglas later this year to explain its future plans to businesses.
Chance to find out more about maritime industry careers next month
There's a chance to find out more about maritime industry careers next month.
