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Significant recent developments in the UK’s insolvency regime—a creditor’s perspective

Published on: 27 September 2021

Table of contents

  • Corporate Insolvency and Governance Act 2020 (CIGA 2020)
  • A new free-standing company moratorium process
  • Distinguishing categories of debt
  • Effect on creditors
  • Extension of statutory controls on termination clauses in supply contracts
  • Effect on creditors
  • Limitations on the scope of IA 1986, s 233B
  • Potential changes in market practice to adapt to the effects of IA 1986, s 233B
  • A powerful new cross-class cram down mechanism
  • Approval of restructuring plans
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Article summary

Restructuring & Insolvency analysis: Oliver Humphrey, John Tillman and Danny Knowles from Hogan Lovells’ insolvency disputes practice in London discuss current trends and developments at the intersection between insolvency and dispute resolution, including a rundown of some of the latest legislative changes, and issues to consider when litigating against parties in financial distress.

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