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New Square Chambers bulletins [Archived]

This subtopic is an archive of the Restructuring & Insolvency bulletins produced by New Square Chambers which

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Latest Restructuring & Insolvency News

Execution of multi-party deeds

Banking & Finance analysis: The case of Macdonald Hotels alarmed lenders and their lawyers earlier in the year, with obiter comments suggesting that, for the ‘face value’ requirement to be met for a deed, all parties have to make it clear in the document that they intend it to be a deed, not just those executing as a deed. The City of London Law Society subsequently issued a note giving their opinion on the comments and how to meet the face value requirement. This News Analysis looks at where we have got to on this issue as 2025 draws to a close.

The Insolvency Service reports Nottingham man jailed for £50,000 Bounce Back Loan fraud

The Insolvency Service has announced that Mujeebullah Khan, former manager of a Nottingham city centre chicken shop, has been jailed for fraudulently applying for, and subsequently securing a £50,000 Bounce Back Loan in May 2020 for Chunky Chicken, despite having sold the business in April 2019. Khan falsely claimed the shop was trading at the start of March 2020 and later transferred the funds to repay a business debt. He was sentenced to 22 months’ imprisonment at Nottingham Crown Court on 17 December 2025. The Insolvency Service also notes that Khan had signed an eight-year Bankruptcy Restrictions Undertaking in 2021.

Restructuring & Insolvency weekly highlights—18 December 2025

This week's edition of Restructuring & Insolvency weekly highlights includes: consideration of the decision in Maher v Investalet Ltd confirming that section 234 of the Insolvency Act 1986 does not permit recovery of possession of property from trespassers, a costs judgment against an opposing creditor in the restructuring plan of Madagascar Oil, the court’s judgment on a challenge to the appointment of administrators (Perhar v Freestone), plus a round-up of other news and cases for restructuring and insolvency professionals.

UK government will legislate to reverse PACCAR

Law360, London: The government announced plans on 17 December 2025 to introduce legislation to resolve the uncertainty around third-party litigation funding in the aftermath of the Supreme Court's PACCAR decision, ending months of speculation.

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