Restructuring & Insolvency weekly highlights—11 June 2020

Published on: 11 June 2020

Published by: LexisPSL

Restructuring & Insolvency weekly highlights—11 June 2020
In this issue:
Key R&I law developments
Progress of Corporate Insolvency and Governance Bill
INSOL Europe/LexisNexis coronavirus (COVID-19) Tracker of Insolvency Reforms—China
INSOL Europe/LexisNexis coronavirus (COVID-19) Tracker of Insolvency Reforms—Cyprus
The need for restraint—winding-up petitions and coronavirus (COVID-19) (Travelodge v Prime Aesthetics)
Restraining presentation of a winding-up petition on grounds of an anticipated change in the law (Re A Company)
Coronavirus (COVID-19)—Fair Business Banking APPG calls for six-month payment holiday option
Government extends suspension of social and private eviction amid coronavirus (COVID-19)

More...

Speed of UK banks’coronavirus (COVID-19) loans to SMEs ‘incredible red flag’, lawmakers told
Brexit Bulletin—'Limited progress' in fourth round of negotiations on the future UK-EU relationship
Insolvency litigation
Costs in complex insolvency litigation (Re Peak Hotels and Resorts Ltd (in liquidation)
Insolvency applications (procedure)—constructive trusts imposed on sellers of land (Ezair v Conn)
No waiver of debt owed by LLP member (Re A&C Restoration LLP)
Use of affidavits beyond immediate proceedings (Official Receiver v Skeene)
Corporate insolvency processes
Support for administrators’ decision-making powers in a solvent administration (Re ASA Resource Group plc)
Non-party costs against directors of companies wound up in the public interest (Re Viceroy Jones New Tech Ltd)
Colt Technology Services v SG Global Group SRL
Personal insolvency
Creditor decision making—Bankruptcy vs IVA—and Tomlin orders—consumer credit? (Gertner and Another v CFL Finance Ltd)
Issue 103 of Insolvency Service’s Dear IP sets out coronavirus (COVID-19) updates
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Article summary

This week's edition of Restructuring & Insolvency weekly highlights includes an update on the progress of the Corporate Insolvency and Governance Bill (CIG Bill), consideration of two cases restraining winding-up petitions in anticipation of the CIG Bill becoming law, plus a round-up of other news and cases from this week for restructuring and insolvency professionals. Sign in or take a trial to read the full analysis.