Key dates for R&I professionals

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This sub-topic contains a series of Practice Notes setting out key dates—on an annual basis—of relevance and interest to restructuring and insolvency professionals:

  1. •

    2025: Key dates for restructuring and insolvency

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Latest Restructuring & Insolvency News

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.

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.

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.

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