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Includes new legislation due to coronavirus. Temporary provisions centre around winding-up petitions, wrongful trading and ipso facto clauses. Permanent changes include the creation of two corporate insolvency processes.
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The Insolvency Service has announced the closure of Furrry Pet Group UK Ltd following a High Court order in Manchester. The company's sole director,...
This week's edition of Restructuring and Insolvency weekly highlights includes: key announcements from the Spring Statement 2025 of relevance to...
Restructuring & Insolvency analysis: The joint liquidators of NMCN Plc (the Company) and its subsidiary NMCN Sustainable Solutions Ltd (together the...
In the Spring Statement 2025, on 26 March 2025, the Chancellor of the Exchequer, the Rt Hon Rachel Reeves MP, made several announcements of relevance...
Restructuring & Insolvency analysis: This decision, which concerned a purported claim for professional negligence and fraud against the former...
Limited partnership agreementsThis Practice Note discusses the provisions of a limited partnership agreement for limited partnerships formed under the...
OFSI General Licence trackerThis Practice Note tracks General Licences issued by the Office of Financial Sanctions Implementation (OFSI) under the UK...
Conflict in Ukraine—UK sanctions tracker [Archived]ARCHIVED: This Practice Note is archived and is no longer maintained.This tracker aims to assist...
2024: Key Restructuring & Insolvency cases [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.Name of parties and...
Tracker of Part 26 scheme/Part 26A restructuring plan hearing dates 2025This Practice Note tracks some key hearing dates proposed or listed in the...
Precedent instructions or brief to counsel[IN THE HIGH COURT OF JUSTICE[BUSINESS AND PROPERTY COURTS [OF ENGLAND AND WALES OR IN [insert...
Conditional fee agreement for use with an insolvency office-holder on or after 6 April 2016Conditional fee agreement for use with an insolvency...
Calderbank claimant settlement offer post-issue[ON YOUR LETTERHEAD]WITHOUT PREJUDICE SAVE AS TO COSTS[SUBJECT TO CONTRACT][Insert date][Insert name...
Calderbank claimant settlement offer pre-action[ON YOUR LETTERHEAD]WITHOUT PREJUDICE SAVE AS TO COSTS[SUBJECT TO CONTRACT][Insert date][Insert name...
Part 26A restructuring plan for a group of companies(pursuant to part 26A of the companies act 2006)between[insert name of Plan Companies]and...
Role, powers, functions and duties of a liquidatorThe role and function of a liquidatorA liquidator is the officer appointed when a company goes into...
What is a statutory declaration of solvency, and what happens if a false declaration of solvency is madeCoronavirus (COVID-19)This content is affected...
Bonds and notesThe terms ‘bonds’ and ‘notes’ are used interchangeably (and there is no legal difference between the terms), though notes tend to be...
Obtaining Official Copies from HM Land RegistryThis Practice Note provides guidance in obtaining official copies of the entries on the title of a...
Dissolution of a company following compulsory liquidation or creditors' voluntary liquidationDissolution marks the end of a company’s life. It...
Bankruptcy searchesBankruptcy searches at the Land Charges DepartmentWhen a bankruptcy petition is presented by a creditor, the court shall as soon as...
Dissolution and bona vacantia—dealing with the Treasury SolicitorBona vacantia means ‘goods without an owner’ and is a relevant consideration where...
Cashflow and balance sheet tests for insolvencyIntroductionThis Practice Note will give a basic overview of the applicable tests for cashflow and...
Key elements of a standstill agreementWhen restructuring is considered rather than formal insolvency proceedings (see Practice Note: Benefits of...
Scotland: protected trust deedsTrust deeds have, for many years, been utilised by debtors as a means of reaching a compromise with their creditors as...
What is considered onerous property or contracts?DisclaimerUnder sections 178 and 315 of the Insolvency Act 1986 (IA 1986), a liquidator or a trustee...
RecapitalisationsThe term 'recapitalisation' refers to a company changing the proportions of its debt and equity, something which can be achieved in a...
Role, powers, functions and duties of an administratorThe role, powers and duties of an appointed administrator are set out in the Insolvency Act 1986...
The effect of a bankruptcy order on an individual voluntary arrangement (IVA), its assets, and the creditorsThe gap in the insolvency legislationIt is...
The pari passu principle and collection remedies for the office-holder—the position under the Insolvency (England and Wales) Rules 2016The primary...
Schemes of arrangement—process and statutory frameworkSchemes of arrangement—definition and basis in statuteA scheme of arrangement is a...
A formal procedure (essentially, a contract between the company and its Creditors) provided for by the IA 1986 which enables a company to agree with its Creditors how its debts should be dealt with.
The practice of choosing a specific jurisdiction favourable to an anticipated restructuring/insolvency, usually by moving COMI (centre of main interests).
A generic term for an Insolvency Practitioner or Official Receiver holding office by acting either as a Trustee in bankruptcy, a Liquidator, a Provisional liquidator, an Administrator, an Administrative receiver or a Supervisor of a Company voluntary arrangement (CVA) or an Individual voluntary arrangement (IVA).