Ipso facto clauses definedContracts often contain provisions to the effect that the contracts will terminate upon the bankruptcy or insolvency of one...
IntroductionThis Practice Note will give a basic overview of the applicable tests for cashflow and balance sheet insolvency under section 123 of the...
DisclaimerUnder sections 178 and 315 of the Insolvency Act 1986 (IA 1986), a liquidator or a trustee in bankruptcy (trustee) has the power to disclaim...
The Court of Appeal has made it clear in JCAM that a moratorium cannot be obtained through the back door by filing a notice of intention to appoint an...
BrexitBREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note....
January 2021DateEvent1 January 2021The Hague Convention of 30 June 2005 on Choice of Court Agreements (Hague Convention) enters force for the UK from...
January 2019DateEvent1 January 2019CPRC approves two-year disclosure pilot scheme from 1 January 2019 (see: LNB News 01/08/2018 44)1 January 2019IFRS...
January 2020DateEvent31 January 2020Exit day extension: On 19 October 2019, the UK requested an extension to the Article 50 withdrawal period until 31...
This year’s annual round-up reviews some of the most significant developments of 2017 and previews what is on the horizon for 2018. This includes the...
January 2018DateEvent1 January 2018SIP 6A new version of SIP 6—Deemed consent and decision procedures in insolvency proceedings is effective (since 1...
February 2016DateEvent2 February 2016Appeal hearing (Court of Appeal): Re Barons Finance Ltd (in liquidation) (LNB News 12/08/2015 121)Decision being...