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NEWS
This week's edition of Restructuring & Insolvency weekly highlights includes: the publication by HM Courts and Tribunals Service (HMCTS) of a position statement on the judicial use of artificial intelligence (AI), responses to the Insolvency Service’s consultation on the second review of the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024 and the Insolvency (Scotland) (Company Voluntary Arrangements and Administration) Rules 2018 (ISCVAAR 2018), SI 2018/1082, an analysis of an application for the appointment of receivers to assist in the execution of an English judgment against a Vietnamese airline (FW Aviation (Holdings) 1 Ltd v Vietjet Aviation Joint Stock Company), plus a round-up of other news and cases for restructuring and insolvency professionals.
NEWS
This week's edition of Restructuring & Insolvency weekly highlights includes: a discussion on the winding up of a company by the court following creditor rejection of the administrators’ proposal (Re Kession Capital Ltd), an analysis of the circumstances the court is willing to make Building Liability Orders under the Building Safety Act 2022 against associated entities in insolvency contexts (Crest Nicholson v Ardmore), and an examination of transactions entered into at an undervalue (Importers Service Corporation v Aliotta), plus a round-up of other news and cases for restructuring and insolvency professionals.
NEWS
This week's edition of Restructuring & Insolvency weekly highlights includes: an analysis of the meaning of ‘on demand’ terms (Murfet v Property Lending), updates from ICAS regarding Scots law changes to trust deed requirements and the Movable Transaction (Scotland) Act 2023, changes to the ring-fencing regime pursuant to the Financial Services and Markets Act 2000 (Ring-fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2024, plus a round-up of other news and cases for restructuring and insolvency professionals.
NEWS
This week's edition of Restructuring & Insolvency weekly highlights includes: the launch of a consultation by the Insolvency Service as part of the second post-implementation review of the Insolvency Rules, an analysis of payment of administration expenses and priority of moratorium debts in administration (Re Cross Transport Ltd), a discussion on the Supreme Court decision that the good-faith requirement under section 172 of the Companies Act 2006 extends to a director’s conduct (Saxon Woods Investments Ltd and others v Costa), plus a round-up of other news and cases for restructuring and insolvency professionals.
NEWS
This week’s edition of Restructuring & Insolvency weekly highlights includes: a closer look at the Breathing Space Scheme, the sanction of the Löwen Play scheme of arrangement, plus the latest addition from Croatia to our consolidated table on the Harmonisation Directive (EU) 2019/1023, plus a round-up of other news and cases for restructuring and insolvency professionals.
NEWS
This week's edition of Restructuring & Insolvency weekly highlights includes: coverage of the sale of Sillicon Valley Bank UK Ltd (SVBUK) to HSBC, the latest insolvency statistics published by the Insolvency Service, the key restructuring & insolvency announcements in the Spring Budget 2023, plus a round-up of other news and cases for restructuring and insolvency professionals.
NEWS
This week's edition of Restructuring & Insolvency weekly highlights includes: analysis on winding-up orders despite disputes and cross claims raised in respect of the petition debts (Khera v Palladian Capital Ltd), updates to the Insolvency (England and Wales) (Amendment) Rules 2024 and the Insolvency Proceedings (Monetary Limits) (Amendment) Order 2024, summary judgment against a company for fraudulently evading VAT (Hellard v Khan), plus a round-up of news and cases for restructuring and insolvency professionals.
NEWS
This week's edition of Restructuring & Insolvency weekly highlights includes: an examination of a decision concerning whether and when the court will make a winding up order on just and equitable grounds in the case of a deadlock (Koza Altin v Koza Ltd and Mr Hamdi Akin Ipek), a discussion of the court’s assessment of the prospects of international recognition and suitability of elevation mechanics in a cross-border scheme of arrangement (Re Standard Profil), an analysis of the court’s dismissal of an application by liquidators to strike out a defence to a misfeasance claim on the ground that the issues had already been determined at a previous hearing and so should not be re-tried (Nicholson v Masood), plus a round-up of other news and cases for restructuring and insolvency professionals.
NEWS
This week's edition of Restructuring & Insolvency weekly highlights includes: the Court of Appeal’s judgment in respect of the Thames Water restructuring plan, an analysis of the Supreme Court’s rejection of an attempt to modify the fiduciary profit rule (Rukhadze v Recovery Partners GP Ltd), a discussion on directors’ duty to account (Official Receiver v Haq), examination of the High Court’s decision to dismiss an appeal to overturn judgment finding that a guarantor is personally liable for debts (Jones v City Electrical Factors Ltd), plus a round-up of other news and cases for restructuring and insolvency professionals.
NEWS
This week's edition of Restructuring & Insolvency weekly highlights includes: an analysis of a judgment providing useful guidance to those dealing with bankruptcy petitions (Matthews v BSN (SW) Property Ltd), the launch by the Insolvency Service of a five-year investigation and enforcement strategy, plus a round-up of other news and cases for restructuring and insolvency professionals.
NEWS
This week's edition of Restructuring & Insolvency weekly highlights includes an overview and analysis of the incoming the Employment Rights Bill, the latest monthly enforcement outcomes published by the Insolvency Service, an analysis of a restructuring plan (UK Commercial Property Finance Holdings Ltd v Cine-UK Ltd), plus a round-up of other news and cases for restructuring and insolvency professionals.
NEWS
This week's edition of Restructuring & Insolvency weekly highlights includes: updates on the operational and reform priorities for the new Business and Property Division, the Insolvency Service's consultation on revised IVA standards, and the government's guidance on rental property registration requirements for phase two of Renters’ Rights Act 2025 implementation, plus a round-up of other news and cases for restructuring and insolvency professionals.