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February 2017 highlights from the Lexis®PSL R&I team. This month’s highlights include details of the new LN forms committee appointed to look at our new forms under the new Insolvency (England and Wales) Rules 2016 (IR 2016), plus details of our new practice notes on the IR 2016, together with a round up of other restructuring and insolvency news and cases.
In this issue:
The Insolvency (England and Wales) Rules 2016, SI 2016/1024 (IR 2016) remove the Insolvency Service’s obligation to prepare prescribed forms when they come into force on 6 April 2017. Despite Companies House and the Insolvency Service announcing that they will be producing certain forms, significant uncertainty remains as to what the format of many of the forms and applications under the IR 2016 should look like. This uncertainty has caused alarm to many practitioners. LexisNexis has therefore established a committee of the following leading insolvency professionals to establish standard form documents which are expected to be widely adopted across the market:
For further details, see News Analysis: Insolvency (England and Wales) Rules 2016—forms committee named by LexisNexis.
Re Dee Valley Group plc  EWHC 184 (Ch)
The High Court held in
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