United Kingdom: Insolvency/Bankruptcy

The UK Supreme Court has ruled that creditors holding unrecognised foreign judgments from jurisdictions like Brazil, China, Russia, and the United States can now initiate bankruptcy proceedings in England without first obtaining UK court recognition. This landmark decision significantly expands enforcement options for international judgment creditors while creating new risks for debtors with assets in England and Wales, potentially extending to corporate winding-up petitions.

Investors navigating distressed mining assets face unique challenges where geological constraints meet financial pressures. This legal toolkit explores strategic approaches and practical solutions for maximizing value in turbulent mining markets, drawing on insights from a global platform of expertise.

The decision has potentially far reaching consequences in permitting enforcement of such a judgment at least via bankruptcy proceedings, even if other enforcement tools are unavailable.

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

Insolvency remains a significant challenge for the UK construction industry, with the number of company insolvencies on an upward trend and still at levels last seen during the 2008-09 recession.

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.

The UK Companies House and Insolvency Service announced that it had shut down three connected companies providing unregulated company secretary and registration services to more...

The chemicals sector is experiencing unprecedented turbulence as long-standing structural weaknesses meet acute market volatility. Senior legal experts from A&O Shearman examine how corporates and creditors are adapting their strategies, what trends are reshaping the industry, and where investors and restructuring professionals should focus their attention when navigating this challenging landscape.

Restructuring & Insolvency analysis: Deputy Insolvency and Companies Court Judge Frith has made final an interim charging order in respect of the joint matrimonial home of Mr Crabb, a judgment debtor following a successful fraudulent trading claim and his wife.