United Kingdom: Financial Restructuring

The decision indicates that the minority creditors intend to bring a claim against the security trustee and majority creditors, in which they will seek to unwind an out-of-court restructuring

As the UK Turnaround & Restructuring practice reaches mid-2026, market activity has accelerated sharply amid persistent disruption and unsettled macroeconomic conditions. This newsletter examines the firm's global expansion, including new offices in Sydney and the acquisition of Canadian advisory firm KSV, while exploring AI's growing impact on Software-as-a-Service and emerging priorities for private equity sponsors and financial stakeholders.

Private credit lenders face a new reality as U.S. distressed borrowers increasingly turn to English restructuring tools to reorganize New York law-governed debt outside of Chapter 11. Recent cases demonstrate how Schemes of Arrangement and Restructuring Plans can bind dissenting creditors, reduce minority creditor influence, and potentially circumvent the absolute priority rule. Understanding these cross-border mechanisms has become essential for lenders navigating modern restructuring dynamics.

U.S. brands and retailers have understandably focused on tariff pain at the border, but the real sleeper threat sits upstream: margin pressure turning a fragile supplier into a single-point failure. Early intervention to stabilize and, where needed, support in supplier restructuring is critical to keep goods on shelves and profitability intact.

As we move into the second quarter of 2026, it is increasingly clear that disruption is no longer a cyclical event businesses can ride out...

The High Court made the first compulsory winding up order under section 85 of the Finance Act 2022, which enables a promoter of a tax avoidance scheme...

An article for directors of small and medium-sized enterprises (SMEs), insolvency practitioners and other insolvency specialists outlining the developments in the evolution of restructuring plans in 2025 making them more accessible to SMEs.

On November 10, 2025, the English High Court sanctioned the groundbreaking Part 26A restructuring plan of Fossil (UK) Global Services Ltd (the "Plan Company"), a subsidiary of Fossil Group, Inc. ("FGI").

This article outlines seven practical steps for navigating recognition proceedings in England & Wales which may help to protect creditor interests and maximise asset recovery...