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

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Published on: 27 September 2021

Published by a LexisNexis Restructuring & Insolvency expert

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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