About Restructuring & Insolvency Law
In Restructuring & Insolvency, your reputation, relationships and referrals are everything. You need to be the expert. You need to know the latest tips and tricks. You need to know what’s happening in the market right now. Lexis+ Restructuring & Insolvency is designed to give you that edge.
Brexit
Brexit is a significant subject for R&I lawyers due to the reciprocal nature of our relationship with Europe. Our Brexit content offers key information and updates for all practitioners, as well as legislation trackers.
Corporate Insolvency and Governance Act 2020
Includes new legislation due to coronavirus. Temporary provisions centre around winding-up petitions, wrongful trading and ipso facto clauses. Permanent changes include the creation of two corporate insolvency processes.
International content
Get country guides for 45 jurisdictions – the majority are from our Getting the Deal Through series. Where there are jurisdictional gaps, we have commissioned content, and have created several comparison tables.
Stay up to date
Helping restructuring and insolvency professionals stay up-to-date with legal and market developments, and work faster and smarter.
Topics We Cover
Our Restructuring & Insolvency Experts
Frank Brumby
Marcia Shekerdemian
David Kerr
Lesley Anderson
Peter Declercq
Latest Restructuring & Insolvency News
This week's edition of Restructuring & Insolvency weekly highlights includes: a look at the recent development in case law relevant to insolvency...
Restructuring & Insolvency analysis: A valuable weapon has been added to the armoury of an insolvency practitioner (IP) who takes over as...
The LexisNexis Restructuring & Insolvency practical guidance team has published two new Practice Notes—‘Victoria PLC—LME deal debrief (uptiering)’ and...
The LexisNexis Restructuring & Insolvency practical guidance team has published a new Overview and Practice Note on Liability Management Exercises...
Restructuring & Insolvency analysis: The court held that it was able to confirm the conversion from administration to liquidation pursuant to...
Latest Restructuring & Insolvency Practice Notes
As a result of the 23 June 2016 UK referendum on membership of the EU, which voted with a 52% majority voting in favour of the UK leaving the EU,...
Name of parties and citation(s)Judgment dateSubjectFurther readingHinton and another (as joint administrators of Kession Capital Ltd) v KVB...
There is an array of different debt and capital structure options available to borrowers. Historically, it was common to see senior debt (usually held...
This Practice Note tracks General Licences issued by the Office of Financial Sanctions Implementation (OFSI) under the UK financial sanctions regime....
This Practice Note provides information on the UK bank recovery and resolution regime, including the Special Resolution Regime (SRR) under the Banking...
Latest Restructuring & Insolvency Precedents
You recently came to see us/contacted us as a director of a company in financial difficulties.The purpose of this letter is to bring to your attention...
This Agreement is made [insert day and month] 20[insert year]Parties1[Insert name of lender] a company incorporated in [England and Wales] under...
[investment bank name] (in special administration)[Joint] Special Administrators’ Progress Reportfor the six-month period [date] to [date]Notice:...
IN THE MATTER OF [company name] (in administration)PURSUANT TO SECTION 1 OF THE INSOLVENCY ACT 1986 AND THE INSOLVENCY (ENGLAND AND WALES) RULES...
IntroductionThe time is now [insert the exact time] and I am opening the meeting of creditors of [insert name of the company or LLP (Company)] called...
Latest Restructuring & Insolvency Q&As
Featured Restructuring & Insolvency content
Role, powers, functions and duties of a liquidator
Role, powers, functions and duties of a liquidatorThe role and function of a liquidatorA liquidator is the officer appointed when a company goes into...
Bonds and notes
Bonds and notesThe terms ‘bonds’ and ‘notes’ are used interchangeably (and there is no legal difference between the terms), though notes tend to be...
Bankruptcy searches
Bankruptcy searchesBankruptcy searches at the Land Charges DepartmentWhen a bankruptcy petition is presented by a creditor, the court shall as soon as...
Basic introduction to super senior, senior, mezzanine and junior debt
Basic introduction to super senior, senior, mezzanine and junior debtThe range of funding options open to companies has exploded, resulting in a vast...
Key elements of a standstill agreement
Key elements of a standstill agreementWhen restructuring is considered rather than formal insolvency proceedings (see Practice Note: Benefits of...
How to serve a demand for payment
How to serve a demand for paymentA demand for payment is a formal demand made in accordance with the contractual requirements underpinning the...
Receivership—an introductory guide
Receivership—an introductory guideThe appointment of a receiver is a remedy for creditors and certain third parties to protect their interest in...
Debt for equity swaps
Debt for equity swapsA popular restructuring method is a debt for equity swap; financial creditors receive equity in the restructured vehicle in...
Challenging an individual voluntary arrangement (IVA)
Challenging an individual voluntary arrangement (IVA)Coronavirus (COVID-19)This content contains guidance on subjects impacted by the Coronavirus Act...
Cashflow and balance sheet tests for insolvency
Cashflow and balance sheet tests for insolvencyIntroductionThis Practice Note will give a basic overview of the applicable tests for cashflow and...
What is a statutory declaration of solvency and what happens if a false declaration of solvency is made?
What is a statutory declaration of solvency, and what happens if a false declaration of solvency is madeCoronavirus (COVID-19)This content is affected...
Bankruptcy petitions—process and procedure post-presentation of the petition
Bankruptcy petitions—process and procedureBefore the hearing of the creditors’ bankruptcy petition takes place, there are a number of steps that must...
Role, powers, functions and duties of an administrator
Role, powers, functions and duties of an administratorThe role, powers and duties of an appointed administrator are set out in the Insolvency Act 1986...
Effect on proceedings against a company being wound up and after a winding-up order is made
Effect on proceedings against a company being wound up and after a winding-up order is madeThis Practice Note sets out guidance as to what happens...
Insolvency searches for companies at the Central Registry
Insolvency searches for companies at the Central RegistryWhat is the Central Registry of Winding-up Petitions?The Central Registry of Winding-up...
Transactions defrauding creditors—claims under section 423 of the Insolvency Act 1986
Transactions defrauding creditors—claims under section 423 of the Insolvency Act 1986It is possible for a claim to be brought under section 423 of the...
Role, powers, functions and duties of a trustee in bankruptcy
Role, powers, functions and duties of a trustee in bankruptcyThis Practice Note looks at the roles, powers, functions and duties of the trustee in...
Administration expenses
Administration expensesThis Practice Note provides an overview of what amounts to an administration expense and discusses key case law.Expenses of an...
Associated legal terms
Ipso facto
Clauses providing for termination on the occurrence of certain events eg insolvency or negotiations with creditors.
Petition (for administration)
Unlike England, Scotland has not done away with the requirement to petition for a court appointed administrator. In England, administration petitions were replaced with applications by the Enterprise Act 2002. Both jurisdictions allow the Enterprise Act 2002 court form ‘out of court’ filing processes on similar procedural rules. The distinction to a ‘petition’ in England was important as a ‘petition’ is a class action which can be joined or taken over by any person in the same class, eg a creditor. In practice, there is little material difference
Sederunt book
The official and permanent record of the sequestration process maintained by the trustee
CONTACT US
