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January 2020 saw the States of Guernsey pass the Companies Law, 2008 Ordinance, 2020, an important legislative development to supplement Guernsey's corporate insolvency regime.
Mayer Brown
While those in the restructuring and insolvency profession have been attempting to predict what the temporary suspension of the wrongful trading provisions proposed by the government might look like...
Mayer Brown
A winding-up petition is one of the most critical pieces in a creditor's armoury where a debt remains unpaid.
MJ Hudson
Welcome to the second of three joint editions of On Target and Collateral.
Mayer Brown
At the time of writing, the long-awaited Corporate Insolvency and Governance Bill (the 'Insolvency Bill') is yet to be published but a number of recent announcements by the UK Government...
MJ Hudson
Under the UK Companies Act a ‘director' is anyone occupying the position of director, by whatever name called.
Gowling WLG
The Corporate Insolvency and Governance Bill was first read to Parliament on 20 May 2020. It is set to be fast tracked into legislation and will likely be law by 10 June 2020.
Cleary Gottlieb Steen & Hamilton LLP
On May 20, 2020, the UK government published its highly anticipated Corporate Insolvency and Governance Bill.
Cadwalader, Wickersham & Taft LLP
CRTs typically consist of a credit transfer instrument entered into between the credit institution and an SPV, with notes issued by the SPV to investors, the payments in respect of which are...
Mayer Brown
On May 20, 2020, the UK Government published its much anticipated draft legislation (the Corporate Governance and Insolvency Bill) which aims to provide greater opportunities...
Akin Gump Strauss Hauer & Feld LLP
The economic landscape has changed immeasurably as a result of the COVID-19 pandemic.
Kirkland & Ellis International LLP
In the first Court of Appeal case on the UK's Coronavirus Job Retention Scheme ("the Scheme"), the court held that Debenhams' joint administrators would be taken to adopt furloughed employees'...
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 UK government has sought to help company directors who are trying to guide their company through these unprecedented times
Withers LLP
The severe economic disruption of coronavirus has left many businesses fighting to stay afloat. A new solution for management and finance teams could be the ‘light-touch administration'...
Mayer Brown
A court1 has approached the interplay between the Insolvency Act 1986 and the Government's furlough scheme so as to encourage and support the rescue culture and facilitate access to the scheme by administrators.
Cooley LLP
The UK government has announced a number of measures aimed at reducing the financial impact of the COVID-19 outbreak on UK business. A summary of the support available and the ways in which it can be accessed...
Gowling WLG
Directors owe a range of statutory, regulatory and common law duties to their company and, in an insolvency situation, to the creditors of a company.
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.
Clyde & Co
Whilst no further action has, as yet, been taken to implement the foreshadowed changes to insolvency law in England and Wales (see our comments on the same), ...
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