This edition of Restructuring & Insolvency weekly highlights includes: legislation and guidance on information sharing measures under the Economic Crime and Corporate Transparency Act 2023, an examination of an application to extend administration (Re VTB Capital plc (in administration)), an analysis on jurisdictional issues in cross-border bankruptcy proceedings (Jones v Aston Risk Management Ltd), the convening judgment for the Thames Water Utilities Holdings restructuring plan, plus a round-up of other news and cases for restructuring and insolvency professionals.

This week's edition of Restructuring & Insolvency weekly highlights includes: the publication by the Insolvency Service of its Annual Review of Insolvency Practitioner Regulation for 2025, an analysis of substantial disputes and the limits of the statutory demand regime (Zavarei v Vaziri), a discussion of the striking out of a bankrupt’s professional negligence claim as any pre-bankruptcy claims vested in her trustee in bankruptcy (Cliff v Axford), plus a round-up of other news and cases for restructuring and insolvency professionals.

This week's edition of Restructuring & Insolvency weekly highlights includes: analysis of the key principles on the court’s jurisdiction to stay bankruptcy proceedings (Tyshchenko v Hyde and others), useful guidance on the rules of service of statutory demands and bankruptcy petitions (Sriram v HMRC and Brittain), the High Court’s dismissal of an application to make an order under IA 1986, s 423 against individuals who had participated in an umbrella company tax scheme operated by the company, plus a round-up of other news and cases for restructuring and insolvency professionals.

This week's edition of Restructuring and Insolvency weekly highlights includes: analysis on the High Court’s consideration of the ability of a single director to bring an administration application on behalf of ‘the directors’ (Boura v LYHFL Ltd), analysis on insolvency preferences, the desire to prefer and operative decisions (Darty Holdings SAS v Carton-Kelly), plus a round-up of other news and cases for restructuring and insolvency professionals.

This week's edition of Restructuring & Insolvency weekly highlights includes: recently published guidance on the voluntary COVID—19 repayment scheme, updated guidance on AML information sharing measures under the Economic Crime and Corporate Transparency Act (ECCTA) 2023, plus a round-up of other news and cases for restructuring and insolvency professionals.

This Practice Note is a horizon scanner tracking key future developments in the field of UK and EU restructuring and insolvency (R&I) law. It provides details of key dates for your diary (including forecasted dates where the actual date is unknown) and relevant commentary in relation to: • Legislation: ◦ bills in progress ◦ acts not in force, partially in force or subject to staged introduction ◦ statutory Instruments in progress ◦ statutory Instruments not in force, partially in force or subject to staged introduction • consultations and calls for evidence • other key developments The horizon scanner does not cover past developments, such as legislation fully in force or final judgments. For information on hot topics relevant to R&I, including recently enacted Acts and SIs, see Practice Note: Hot topics for restructuring and insolvency professionals. For details of R&I cases published in 2026, see Practice Note: 2026: Key Restructuring & Insolvency cases. Legislation Bills in progress What’s happening? When? What’s the impact? Find out more Financial Services and Markets Bill 2026—final

Welcome to the world of restructuring & insolvency Restructuring & insolvency covers a variety of different processes and tools designed to achieve different objectives, from rescuing a distressed business to achieving the best outcome for creditors to helping individuals achieve a clean break from their debts. There are a number of different parties involved, including the financially-troubled company or individual, the lender seeking to recover its money, the insolvency practitioner (IP) in charge of the insolvency process, not to mention the advisors engaged by the different parties. This guide is designed to give you an introduction to the different restructuring and insolvency processes and point you in the direction of the relevant materials where you can find out more. It also contains links to help you make the most of our restructuring and insolvency materials including how to sign up for daily or weekly email alerts. The Insolvency Act 1986 and Insolvency (England and Wales) Rules 2016 The main legislation that restructuring and insolvency practitioners will come across is the Insolvency Act 1986

The following Restructuring & Insolvency resources, providing useful practical commentary, legislation, rules and guidance for restructuring & insolvency lawyers, whether in private practice or in-house, are available in Lexis+® UK. They are referenced and linked to in the Restructuring & Insolvency content in Lexis+® UK. Please note, however, the titles listed can only be accessed with the relevant Lexis+® UK subscription(s). General Title Summary Who should use this resource? Doyle, Keay and Curl: Annotated Insolvency Legislation Provides practical guidance on the key primary and secondary insolvency legislation; incorporating the Corporate Insolvency and Governance Act 2020.In addition to the complete texts of the key statutory provisions, each is annotated with detailed analysis and commentary, providing practitioners and academics with everything they need within a single portable volume.Written by Louis Doyle KC, Professor Andrew Keay, and Joseph Curl KC. Restructuring and insolvency professionals who need to refer to insolvency legislation and related commentary. Tolley's Insolvency Law Service A practical guide to corporate and personal insolvency, it provides over 60 alphabetically arranged chapters covering every aspect

means an agreement between the Parties to implement a plan to restructure the Company’s business and debts

This Agreement is made on [insert day and month] 20[insert year] Parties 1 The Consenting Lenders (listed in Schedule 1); 2 [The Consenting Bondholders (listed in Schedule 2);] 3 [insert name of debtor company] a company incorporated in [insert country eg England and Wales] with company number [insert registered number] whose registered office is at [insert address]; and 4 [The Material Companies (listed in Schedule 3);] Recitals (A) On [insert date] the Company's directors announced a proposed restructuring of the claims of certain creditors of the [Company OR Group] following a period of financial difficulties. (B) On [insert date] the Company and certain creditors entered into a Standstill Agreement in relation to the proposed restructuring. (C) [On [insert date] the Company and certain creditors entered into non-binding heads of terms for the proposed restructuring of the Company.] (D) This Agreement set out the terms and conditions the Parties have agreed to give effect to the [principles set out in the non-binding heads of terms for the] Restructuring. (E) [insert any further recitals]. The parties Agree: 1 Definitions and interpretation 1.1 Definitions In

Restructuring & Insolvency analysis: Four linked restructuring plans were sanctioned despite only being approved by two classes of creditors out of thirty-one classes of creditors. Two landlord creditors (‘Objecting Creditors’) had previously renegotiated existing and ongoing liabilities owed by the Plan Companies on the basis that the renegotiated liabilities would not be compromised further if the Plan Companies later sought Restructuring Plans. The Objecting Creditors did not appear and were not represented at the Convening Hearing but subsequently issued applications for injunctions which were dealt with at the Sanction Hearing at which they were represented. The Plans were approved. Written by Andrew Mace, barrister, Tanfield Chambers.

Restructuring & Insolvency analysis: On 28 March 2025, the High Court of Justice sanctioned a restructuring plan proposed by OutsideClinic Ltd binding on seven classes of creditor, including HMRC in its capacity as a preferential creditor. Five of the seven classes of creditors voted in favour of the restructuring plan at the plan meetings. The sixth creditor abstained from voting and of the creditors in the seventh category (four in total), only one creditor holding 83% by value of the creditors in this category attended and voted prompting an interesting debate as to what constitutes a dissenting creditor and when cross class cram down (CCCD) should be invoked. This case also sent a key message to companies looking to compromise preferential debt due to HMRC by way of a restructuring plan, which is that, in the appropriate circumstances, HMRC is prepared to support, and vote in favour of restructuring plans. Written by Hannah Gaskell, principal associate, and Sarah Teal, partner & head of Manchester Office at Shoosmiths LLP (Shoosmiths LLP acted for OutsideClinic).