We also asked the witnesses whether they looked to different international regimes to learn any lessons about how to deal with companies and sectors that might be in trouble. The Treasury and the Cabinet Office said that each country is unique and will have its own way of handling insolvency or distress situations, but the Treasury told us that there would be value in looking at the way other countries structure their frameworks for intervention or non-intervention in companies.79 72 C&AG’s Report, para 3.9 73 Q70 74 Q28 75 Q18 76 Q70 77 Qq45–47 78 Correspondence from HM Treasury to Committee, 30 January 2024 79 Q54 18 Monitoring and responding to companies in distress