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Restructuring & Insolvency weekly highlights—11 June 2026

This week's edition of Restructuring & Insolvency weekly highlights includes: an analysis of a successful misfeasance claim against directors arising...

Service of NOI on foreign registered QFCH–court’s permission not required (Re Vybra Solutions Ltd)

Restructuring & Insolvency analysis: In Re Vybra Solutions Ltd, the High Court considered whether directors proposing an out-of-court administration...

Withdrawal of share capital in a registered society is not a transaction at an undervalue (Re Food Retailer Operations Ltd; Cohen v Co-operative Group Ltd)

Restructuring & Insolvency analysis: The liquidators’ claims under sections 238 and 239 of the Insolvency Act 1986 (IA 1986) were dismissed for two...

New Practice Note: Challenging a trustee in bankruptcy under section 303(1) of the Insolvency Act 1986—key cases

The LexisNexis Restructuring & Insolvency practical guidance team has published a new Practice Note: ‘Challenging a trustee in bankruptcy under...

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Limitation periods applicable to insolvency claims

Limitation periods applicable to insolvency claimsLimitation periods refer to the time during which a claim may be brought.The law on limitation periods is set out in the Limitation Act 1980 (LA 1980) which makes provisions in respect of different causes of action.In an insolvency context, claims

Transactions defrauding creditors—claims under section 423 of the Insolvency Act 1986

Transactions defrauding creditors—claims under section 423 of the Insolvency Act 1986Section 423 of the Insolvency Act 1986 (IA 1986) allows for the avoidance of transactions which were designed to defraud creditors. Its provisions are intended to prevent parties from disposing of assets so as to

Wrongful trading claims under sections 214 and 246ZB of the Insolvency Act 1986

Wrongful trading claims under sections 214 and 246ZB of the Insolvency Act 1986What is wrongful trading?A wrongful trading claim applies to a person if:•the company has gone into insolvent liquidation or insolvent administration•at some time before the commencement of the company's liquidation or

When is a person ‘connected’ with a company under section 249 of the Insolvency Act 1986?

When is a person ‘connected’ with a company under section 249 of the Insolvency Act 1986?This Practice Note considers when a person is ‘connected’ with a company under section 249 of the Insolvency Act 1986.The term ‘connected’ is particularly important to understand in relation to antecedent
Limitation periods applicable to insolvency claims

Limitation periods applicable to insolvency claims

Limitation periods applicable to insolvency claimsLimitation periods refer to the time during which a claim may be brought.The law on limitation periods is set out in the Limitation Act 1980 (LA 1980) which makes provisions in respect of different causes of action.In an insolvency context, claims

Transactions defrauding creditors—claims under section 423 of the Insolvency Act 1986

Transactions defrauding creditors—claims under section 423 of the Insolvency Act 1986

Transactions defrauding creditors—claims under section 423 of the Insolvency Act 1986Section 423 of the Insolvency Act 1986 (IA 1986) allows for the avoidance of transactions which were designed to defraud creditors. Its provisions are intended to prevent parties from disposing of assets so as to

Wrongful trading claims under sections 214 and 246ZB of the Insolvency Act 1986

Wrongful trading claims under sections 214 and 246ZB of the Insolvency Act 1986

Wrongful trading claims under sections 214 and 246ZB of the Insolvency Act 1986What is wrongful trading?A wrongful trading claim applies to a person if:•the company has gone into insolvent liquidation or insolvent administration•at some time before the commencement of the company's liquidation or

When is a person ‘connected’ with a company under section 249 of the Insolvency Act 1986?

When is a person ‘connected’ with a company under section 249 of the Insolvency Act 1986?

When is a person ‘connected’ with a company under section 249 of the Insolvency Act 1986?This Practice Note considers when a person is ‘connected’ with a company under section 249 of the Insolvency Act 1986.The term ‘connected’ is particularly important to understand in relation to antecedent