This is the first of a regular insolvency insights bulletin from the insolvency specialists at Quadrant Chambers. It is a short at a glance guide to the latest insolvency legislation changes and key cases, all cases link to the relevant judgments.
- Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021 (SI 2021/427) came into effect on 30 April 2021. These Regulations will mean a greater level of independent scrutiny for pre-pack administrations (specifically pre-pack sales to connected persons).
- Re One Blackfriars
Ltd  EWHC 684 (Ch): the administrators
involved in the sale of the One Blackfriars development site in
London were cleared of misfeasance.
- Mitchell v Al Jaber
 EWHC 912 (Ch): the witness immunity rule does not apply to
section 236 examinees. Permission to appeal granted.
- Gategroup Guarantee Limited
 EWHC 775 (Ch): the Court sanctioned a restructuring plan
under part 26A CA 2006.
- Re Virgin Active Holdings Ltd &
Ors  EWHC 911: a group of creditors sought
their costs of the convening hearing on the basis their arguments
had assisted the Court. The Court considered the relevant
principles but declined to make a final determination until after
- Riverside CREM 3 Limited v Virgin
Active Health Clubs Limited  EWHC 746 (Ch):
the Court granted a stay of creditor action brought by a landlord,
to enable a debtor to implement a restructuring plan under part 26A
- Lazari Properties 2 Limited v New Look
Retailers Limited  EWHC 1209 (Ch): a
challenge to a company voluntary arrangement which provided for
different treatment for a group of landlord creditors, brought on
the basis that it was not within the jurisdictional scope of IA
1986 part 1, section 1(1), that it was unfairly prejudicial, and
that there was material irregularity, was dismissed.
- Windhorst v Levy  EWHC 1168 (QB): the Court refused to set aside registration of a German judgment under the Judgments Regulation (Council Regulation (EC) 44/2001 on Jurisdiction and the Recognition and Enforcement of Judgments in Civil and Commercial Matters) when the judgment debt had later been included in a binding insolvency plan which was recognised under the Insolvency Regulation (Council Regulation (EC) 1346/2000 on Insolvency Proceedings).
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.