Restructuring & Insolvency weekly highlights—2 June 2022

Published on: 01 June 2022

Published by: LexisNexis

Restructuring & Insolvency weekly highlights—2 June 2022
In this issue:
Key R&I law developments
Government response to the consultation on strengthening the UK’s audit, corporate reporting and corporate governance system
New guidance for the Friday Applications lists in the Business and Property Courts in Manchester and Leeds
HMCTS publishes updated operational summary for week commencing 30 May 2022
Speech addressing departures from Retained EU law
Insolvency litigation
A transfer of assets by a company cannot necessarily be ascribed to its sole owner or controller for the purposes of section 423 of the Insolvency Act 1986 (Invest Bank v El-Husseini)
High Court correctly dismissed director’s challenge to liquidator’s assignment (Re Edengate Homes)

More...

Corporate insolvency processes
Issue 146 of Insolvency Service’s Dear IP published
Directors and insolvency
Insolvency Service bans consultancy director for eight years for Bounce Back Loan breach
Property insolvency
HM Land Registry updates Practice Guide 36
Personal insolvency
Judgment Alert: Khan v Hunt (as trustee in bankruptcy of Abdul Reza Pakzad) [2022] EWHC 1241 (Ch)
Mind your moratoriums—the risks of transgressing debt respite schemes (Lees v Kaye)
International restructuring and insolvency
Judgment Alert: SR Projects Ltd v Rampersad (liquidator of the Hindu Credit Union Co-Operative Society on behalf of the Hindu Credit Union Co-Operative Society Ltd) (Trinidad and Tobago) [2022] UKPC 24
UNCITRAL highlights 25th anniversary of Model Law on Cross-Border Insolvency
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Key dates for R&I professionals

Article summary

This week’s edition of Restructuring & Insolvency weekly highlights includes: the government’s response to the consultation on strengthening the UK’s audit, corporate reporting and corporate governance system, a look at the decision in Invest Bank v El-Husseini on transactions defrauding creditors, analysis of the Court of Appeal’s decision in Re Edengate Homes on the issue of an applicant’s standing and the ‘perversity’ test that applies in cases under section 168(5) of the Insolvency Act 1986, the latest decision on the operation of the Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020, plus a round up of other R&I news. Sign in or take a trial to read the full analysis.