R&I cases

R&I cases

This subtopic contains a series of Practice Notes setting out—on an annual basis—the key restructuring and insolvency cases since 2012 (where we have published case analysis).

For a list of the key cases we have covered, see below:

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2025: Key Restructuring & Insolvency cases

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Latest Restructuring & Insolvency News

R3 announces appointment of new president to lead insolvency and restructuring body

The Association of Business Recovery Professionals (R3) has appointed Tom Russell, licensed insolvency practitioner and director at James Cowper Kreston, as its new president. Russell's presidency comes as the government plans reviews of insolvency regulation and the personal insolvency framework. His agenda focuses on membership growth, technological advancement, stakeholder engagement, demonstrating the profession's value, and career development amid rising economic pressures on UK businesses and consumers.

Insolvency Service reports ten-year director disqualification for £200,000 BBL fraud

The Insolvency Service has reported that Ricky Harrison was sentenced to three years and two months in prison and faces a ten-year director disqualification after fraudulently obtaining £200,000 in coronavirus bounce back loans (BBL). Harrison secured maximum-value loans for three dormant companies and overstated turnover for a fourth company when entitled to only £16,000 in total. The director used the funds for personal purposes, including £85,000 for vehicle purchase, contrary to scheme requirements. The prosecution followed the Insolvency Service's investigations into applications made across his four education support companies in 2020.

Insolvency Service announces compensation agreement from disqualified director over BBL fraud

The Insolvency Service has announced that Ioan Marcu, a disqualified company director from Romford, has signed a compensation undertaking to repay £38,549 in fraudulently obtained bounce back loan (BBL) funds. Marcu, who was disqualified for ten years in January 2025, had overstated his company's turnover by £230,000 to obtain the maximum £50,000 loan in July 2020, when the company was only entitled to £11,451. The compensation agreement was accepted by the Secretary of State for Business and Trade and Marcus's company entered liquidation in July 2022 with liabilities of £63,000.