Charities and education

Industry/sector guides

Our industry/sector guides for R&I lawyers are designed to provide an insight into the aspects of a given industry/sector that are most likely to be relevant in an enforcement, restructuring or insolvency context. Companies in the selected industries often have specific corporate and financial structures and the industry may be governed by regulatory requirements.

What this topic covers

This topic includes:

Charities

•
Charity insolvency—a guide to available insolvency procedures—this Practice Note, produced in partnership with Rebecca Walker of Lester Aldridge LLP, sets out the main types of charitable vehicles, together with some information on the types of insolvency procedures available to these charities. It is complimentary to the note ‘Charity insolvency—personal liability of charity trustees’, both of which provide some rudimentary information for those unfamiliar with charitable insolvencies and the role of the charity trustee at times of insolvency

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

TAKE A FREE TRIAL

Latest Restructuring & Insolvency News

New Practice Note: Proof of debt—key cases

The LexisNexis Restructuring & Insolvency practical guidance team has published a new Practice Note—‘Proof of debt—key cases'. This Practice Note sets out certain key cases and associated relevant content on the proof of debts in an administration, liquidation or bankruptcy proceeding.

Supreme Court delivers judgment on dishonest assistance liability in breach of fiduciary duties case (Stevens v Hotel Portfolio II UK Ltd (in liquidation) and another)

The Supreme Court has allowed an appeal by a majority (Lord Burrows dissenting) affirming that a defendant is liable in dishonest assistance for assisting a fiduciary who has made unauthorised profits in breach of their fiduciary duties to dissipate those profits to the detriment of the company. James Pickering KC, barrister at Enterprise Chambers, Christopher Parker KC, barrister at Maitland Chambers, and Eleanor Temple KC, barrister at Kings Chambers, comment on the implications of the judgment.

Insolvency Service reports athlete sentenced for £100,000 BBL fraud

The Insolvency Service has reported that world sprint champion Rick Beardsell has received an 18‑month suspended prison sentence for fraudulently obtaining two maximum bounce back loans (BBL) totalling £100,000. Beardsell secured the loans for his company, Sports Creative Limited, in 2020 and 2021 by inflating turnover figures, thereby violating scheme rules that prohibit multiple loans. He used £83,900 of the funds to help purchase a £1.3m property in Prestbury, Cheshire. The sentence also requires 250 hours of unpaid work and an order to pay £11,152 in costs. Beardsell has repaid the full £100,000.

Insolvency Service publishes annual plan for 2025–26 fiscal year

The Insolvency Service has published its annual plan for 2025–26, outlining its targets and priorities for the coming fiscal year. Marking the final year of the Service's current five-year strategy, the plan focuses on supporting economic growth and stability through an enhanced regulatory regime. Key priorities include strengthening the insolvency framework, addressing financial wrongdoing, and supporting individuals experiencing financial distress. The Service has also announced that new long-term strategic plans (applicable in Scotland, England and Wales) will be revealed in early 2026.

View Restructuring & Insolvency by content type :

News