New insolvency proceedings practice direction published

Lord Chancellor David Gauke MP has signed the new Insolvency Proceedings Practice Direction, the Courts and Tribunals Judiciary has announced.

The new practice direction updates the previous one by making reference to the Insolvency Rules 2016, taking account of recently decided cases and changes in the CPR (in particular with regards to the Business and Property Courts Practice Direction), specifying new arrangements for the distribution of insolvency business across the different levels of the judiciary, and clarifying the routes of appeal in insolvency cases, amongst other matters.

This new practice direction came into force on 25 April 2018 and shall replace all previous Practice Directions, Practice Statements and Practice Notes relating to insolvency proceedings, except the PD on Directors Disqualification.

For a full copy of the new PD see: Practice Direction on Insolvency Proceedings

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First published on LexisPSL Restructuring and Insolvency