Current issues and legal reforms for restructuring and insolvency professionals

The following Restructuring & Insolvency practice note provides comprehensive and up to date legal information covering:

  • Current issues and legal reforms for restructuring and insolvency professionals
  • Brexit
  • Coronavirus (COVID-19)
  • Corporate Insolvency and Governance Act 2020
  • Disqualification of directors of dissolved companies
  • EU directive on harmonisation
  • Forfeiture—commercial leases
  • LIBOR and benchmarks
  • Practice Directions relating to Insolvency Proceedings
  • Pre-pack sales in an administration: The Administration (Restrictions on Disposal etc to Connected Persons) Regulations 2021
  • More...

Current issues and legal reforms for restructuring and insolvency professionals

This Practice Note discusses current issues and legal reforms (with links to the appropriate materials) that may be of interest to restructuring and insolvency professionals. It is updated regularly with practical guidance and analysis which reflects recent changes and trends in the law and the legal market.

The issues covered are:

  1. Brexit

  2. Coronavirus (COVID-19)

  3. Corporate Insolvency and Governance Act 2020

  4. Disqualification of directors of dissolved companies

  5. EU directive on harmonisation

  6. Forfeiture—commercial leases

  7. LIBOR and benchmarks

  8. Practice Directions relating to Insolvency Proceedings

  9. Pre-pack sales in an administration: The Administration (Restrictions on Disposal etc to Connected Persons) Regulations 2021

  10. Statements of Insolvency Practice (SIPs)

  11. The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020

  12. The National Security and Investment Act

  13. The Pensions Schemes Act 2021

  14. UNCITRAL Model Laws on insolvency related judgments and groups

Brexit

As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. References to exit day in many Brexit SIs are to be read as reference to IP completion day (Implementation Period completion day, defined in clause 39 as 31 December 2020 at 11.00 pm) (unless that provision is expressly

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