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Practice notes
Joint office-holder appointmentsAll insolvency processes allow for the joint appointment of office-holders if required. Whether it is appropriate or...
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19th May
Practice notes
Statements of Insolvency Practice (SIPs)—a quick guideWhat are Statements of Insolvency Practice?Insolvency practitioners (IPs) are required to comply...
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19th May
Practice notes
Statement of Insolvency Practice 16 (SIP 16)—pre-packaged sales in administrationInsolvency practitioners (IPs) are required to comply with both...
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19th May
Practice notes
Roles, powers and duties of an administrative receiverWhat is an administrative receiver?The Insolvency Act 1986 (IA 1986) sets out what an...
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Produced in partnership with John Hughes of Shakespeare Martineau LLP 19th May
Practice notes
Role, powers, functions and duties of a liquidatorCoronavirus (COVID-19)This content is affected by the coronavirus (COVID-19) pandemic. For further...
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19th May
Practice notes
The deemed consent procedure, decision-making procedure, and meetings—the position under the Insolvency (England and Wales) Rules 2016The Insolvency...
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Produced in partnership with Richard Bowles 19th May
Practice notes
Secured creditors under a CVA—including effect on guaranteesNeither the company nor its creditors may approve a company voluntary arrangement (CVA)...
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Produced in partnership with Lexa Hilliard QC of Wilberforce Chambers 19th May
Practice notes
Annulment of bankruptcy ordersThis Practice Note looks at the annulment of bankruptcy orders under section 282 of the Insolvency Act 1986 (IA 1986)...
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19th May
Practice notes
Equitable charges v legal charges—impact on saleabilityThis Practice Note considers the position of a security holder who has an equitable mortgage or...
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Produced in partnership with Jonathan Titmuss of Hardwicke 19th May
Practice notes
Bankruptcy petitions—process and procedureBefore the hearing of the creditors’ bankruptcy petition takes place, there are a number of steps that must...
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19th May
Practice notes
Transactions defrauding creditors—claims under section 423 of the Insolvency Act 1986It is possible for a claim to be brought under section 423 of the...
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19th May
Practice notes
Prohibited names under section 216 of the Insolvency Act 1986The purpose of section 216 of the Insolvency Act 1986Section 216 of the Insolvency Act...
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19th May
Practice notes
The CVA proposal and procedure—the position under the Insolvency (England and Wales) Rules 2016The company voluntary arrangement (CVA) proposal will...
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Produced in partnership with KPMG and Lexa Hilliard QC of Wilberforce Chambers 19th May
Precedents
Court Reference No: [INSERT COURT REF. NUMBER][IN THE HIGH COURT OF JUSTICEBUSINESS AND PROPERTY COURTS [OF ENGLAND AND WALES OR IN [INSERT...
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19th May
Practice notes
A guide to independent business reviewsThis Practice Note looks at independent business reviews (IBRs) and aims to:•provide high level guidance around...
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Produced in partnership with Allan Kelly of RSM 19th May
Practice notes
Covenant waivers and resetsOne of the initial signs of distress is usually a covenant breach by the company. The lenders may agree to a simple waiver,...
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19th May

Most recent Credit institutions content

Q&As
Does the Third Parties (Rights Against Insurers) Act 1930 apply to special administrations?STOP PRESS: From 6 April 2017, the Insolvency Rules 1986,...
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31st Jul
Q&As
Do you have any details on how to get FCA consent to a special administration?Harlequin Management Services Ltd refers to solicitors contacting the...
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31st Jul
Practice notes
Quick Look Brexit Financial Services Legislation Status Guide—BRRD and BRRD IIThis Quick Look Brexit Financial Services Legislation Status Guide...
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31st Jul
Practice notes
The UK investment firms prudential regime (IFPR)This Practice Note considers the new UK prudential framework for investment firms, known as the...
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31st Jul
Practice notes
Financial services firms and insolvencyBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
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31st Jul
Practice notes
PRA enforcement essentials—suspensions, restrictions and financial penaltiesLexis®PSL Financial Services Enforcement Database: This incorporates...
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31st Jul
Practice notes
General requirements of the Volcker Rule and its impact on non-US banking entitiesBackground to the Volcker Rule and implementationThe rules which...
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31st Jul
Practice notes
Powers of the authorities under the special resolution regimePowers of the authoritiesEach of the five stabilisation options under the special...
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Produced in partnership with Dominic McCahill of Skadden 31st Jul
Practice notes
Impact of Brexit: BRRD—quick guideThis Brexit Bank Recovery and Resolution Directive 2014/59/EU quick guide details UK legislation and retained EU...
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31st Jul
Practice notes
Safeguards for shareholders, creditors and counterparties under the special resolution regimeThe Bank Recovery and Resolution and Miscellaneous...
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Produced in partnership with Dominic McCahill of Skadden 31st Jul
Practice notes
Special resolution regime optionsSpecial resolution regime toolkitWhen using the special resolution regime (SRR), the appropriate tool for the...
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Produced in partnership with Dominic McCahill of Skadden 31st Jul
Practice notes
Special Administration for financial institutionsWhy these Regulations were introducedThe financial crisis, commencing in 2007 and marked notably by...
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Produced in partnership with Dominic McCahill of Skadden 31st Jul
Practice notes
Special resolution regime for banks and building societies—rationale, scope, application and interpretationThe economic and legal backdropGeneral...
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Produced in partnership with Dominic McCahill of Skadden 31st Jul
Practice notes
Interaction between the PRA, FCA and FPCBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
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31st Jul
Precedents
Special administration—Client asset statement of...
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30th Jul
Precedents
Special administration—company board minutes[INSERT NAME OF INVESTMENT BANK]Minutes of a meeting of the board of directors of [insert name of...
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30th Jul
Precedents
Special administration—letter to all known creditors: notice of appointment of special administrators[TO BE TYPED ON THE HEADED NOTEPAPER OF THE...
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30th Jul
Practice notes
An insolvency lawyer’s guide to the Financial Services Compensation SchemeThis Practice Note provides an overview of the role and operation of the...
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30th Jul
Precedents
Special Administrators’ proposals[Investment Bank name](in Special Administration)Special Administrators’ Proposals for achieving the purpose of the...
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30th Jul

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