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Cross-class cramdown successfully used against nine dissenting classes(Re Poundland Ltd)

Restructuring & Insolvency analysis: The High Court sanctioned Poundland Ltd's restructuring plan under Part 26A of the Companies Act 2006 (CA 2006), applying its cross-class cram down powers despite significant landlord dissent. Sir Alastair Norris held that the statutory 'no worse off' and 'economic interest' tests were satisfied and that the plan's benefit allocation was fair and commercially justified. The judgment reinforces recent appellate guidance (including Adler, Thames Water, and Petrofac) on fairness, differential treatment, and creditor engagement, confirming that courts will prioritise genuine rescue efforts over objections driven by extraneous or self-interested motives. Practical implications written by Elaine Nolan, partner of Keystone Law.

Scotland—ICAS reports AiB restructuring and guidance updates in October 2025 insolvency technical update

The Institute of Chartered Accountants of Scotland (ICAS) has reported that the Accountant in Bankruptcy (AiB) will be restructuring its internal teams from 3 November 2025. The changes will affect both personal and corporate insolvency operations, introducing new contact email addresses and phone numbers. Firms are advised to update their data and contact details in insolvency case management systems accordingly. ICAS also reports that section 6.8 (Essential Expenditure) of the AiB Notes for Guidance (Common Financial Tool) has been updated to reflect the increase in the gas and electricity price cap, effective from 1 October 2025. The threshold for which no supporting evidence is required for utility expenditure has increased from £143 to £146 per month for the period 1 October to 31 December 2025.

Restructuring & Insolvency weekly highlights—6 November 2025

This week's edition of Restructuring & Insolvency weekly highlights includes: an analysis on the court’s refusal to grant section 423 (transactions defrauding creditors) relief (Credit Suisse Virtuoso Sicav-Sif v Softbank Group), updates from the EU to Annexes A and B of Regulation (EU) 2015/848, plus a round-up of other news and cases for restructuring and insolvency professionals.

Insolvency Service publishes section 6 director disqualification statistics for 2022–23 to 2024–25

The Insolvency Service has published comprehensive research and analysis featuring statistical data on director disqualifications in Great Britain, under section 6 of the Company Directors Disqualification Act 1986 (CDDA 1986), for the financial years 2022–23 to 2024–25. This report provides detailed figures regarding disqualifications related to unfit conduct involving dissolved or insolvent companies, offering insightful breakdowns by both insolvency procedure and financial year.

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Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

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Strike out—making an application to strike out a statement of case

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Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an