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Cleary Gottlieb Steen & Hamilton LLP
On May 20, 2020, the UK government published its highly anticipated Corporate Insolvency and Governance Bill.
Kirkland & Ellis International LLP
Restructuring & Insolvency Comparative Guide for the jurisdiction of UK, check out our comparative guides section to compare across multiple countries
The implications of the COVID-19 pandemic continue to stretch companies to their limits and many may become overleveraged as they battle with revenue loss, rising borrowing costs and dwindling cashflows.
Gowling WLG
We have previously reported on the developing area of adjudication by insolvent companies, now the subject of another key judgment.
Clyde & Co
As the prevalence of COVID-19 continues to grow worldwide, together with the resulting social and business restrictions, the inevitable fallout will be a failure to achieve business plans and an increase in business insolvencies.
What impact is the COVID-19 pandemic and increased regulation having on restructuring activity and how is the role of the trustee changing?
Arthur Cox
The adverse trading position caused by the COVID-19 situation is significantly impacting the majority of companies and is also bringing the duties of directors...
Shepherd and Wedderburn LLP
Each day brings fresh challenges as a consequence of the COVID-19 pandemic, giving rise to understandable anxiety among businesses and wider society.
Shepherd and Wedderburn LLP
The recent collapse of Flybe has thrown a spotlight on the future of its 2,000-strong workforce, including its international employees who rely on the airline's...
Mayer Brown
The UK Government announced in this week's Budget that, in all insolvencies commencing on or after 1 December 2020, the UK tax authorities will move up the creditor hierarchy in English ...
Hogan Lovells
The UK Parliament made an Order on 3 March 2020 which increases the prescribed part, payable to unsecured creditors from floating charge recoveries on the insolvency of a company
Hogan Lovells
The Pension Schemes Bill [HL] 2019-20 (Bill) was re-introduced before Parliament on 7 January 2020. Among its proposed amendments to the Pensions Act 2004...
Herbert Smith Freehills
In a long-awaited development of cross-border insolvency cooperation between Hong Kong and Mainland China, the Hong Kong Court has granted recognition and assistance to Mainland liquidators for the first time.
Edwin Coe LLP
Some might say that "hell hath no fury like a spouse scorned". Perhaps the fury might be fuelled further if the scorned spouse is obstructed by attempts to put assets out of reach by a strategic insolvency.
Shepherd and Wedderburn LLP
It is well established that the courts will only refuse to enforce an adjudicator's award in fairly limited circumstances. One such set of circumstances is where the party to be paid
Gowling WLG
In this journal in 2015, I wrote on the subject 'Funding insolvency litigation: a new dawn', outlining various streams of funding available to insolvency practitioners (IPs) ...
MJ Hudson
The Intercreditor Agreement – Protecting Mezzanine Value In Sticky Situations – November 2019
DAC Beachcroft LLP
In Meadowside Building Developments Ltd (in liquidation) –v- 12-18 Hill Street Management Company Ltd [2019] EWHC 2651 (TCC), the Court found that in certain circumstances,...
Cadwalader, Wickersham & Taft LLP
On Saturday 28 March 2020, the Business Secretary, Alok Sharma, announced that the UK government would be introducing legislation to make changes to existing insolvency laws in response to COVID-19.
Kirkland & Ellis International LLP
The English court has held that solvent proceedings cannot be recognised under the Cross-Border Insolvency Regulations 2006 ("CBIR")
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