Mamo TCV Advocates
Prior to 1st January, 2021, the cross-border recognition and enforcement of insolvency proceedings and judgements between the European Union ("EU") and the United Kingdom ("UK")...
From a UK perspective, the majority of UK/EU cross border insolvencies are currently subject to the Recast Insolvency Regulation (Regulation (EU) 2015/848 of 20 May 2015 on insolvency...
It is inevitable that the changes will increase the timing and costs of insolvency and enforcement proceedings and it will be more important
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 measures introduced by the Corporate Insolvency and Governance Act 2020 ("CIGA 2020") aimed to protect businesses from the financial strain of COVID-19 by introducing a range ...
For almost 20 years, taxes collected by UK corporates for payment to HMRC have ranked as ordinary unsecured debts on an insolvency.
With airlines having lost an estimated US$118.5 billion in 2020, it's easy to forget the aviation industry had been enjoying an extended super-cycle prior to the Covid-19 pandemic.
Morrison & Foerster LLP
The UK's reformed restructuring regime shows its force with the first successful cross-class cram-down following the introduction of the new restructuring plan.
An article on the restructuring options open to oil companies.
Energy Voice has recently published an article written by Mayer Brown on potential restructuring options for oil companies in the UK.
Mourant acted for Tailored Brands Worldwide Purchasing Co in
relation to its application for the appointment of joint
We have now seen the new restructuring plan under Part 26A Companies Act 2006 utilised twice to effect debt restructurings, mostly recently in the case of casual dining chain PizzaExpress...
Commercial lenders, landlords and tenants are increasingly needing to reach arrangements and reschedule debt and/or interest payments as the financial implications of lockdowns and weakened economies intensify pressure on businesses.
Long term contracts frequently contain clauses which either terminate the contract automatically or entitle a party to terminate the contract in the event of the other party becoming insolvent; so-called ‘ipso facto' clauses.
In light of the ongoing business uncertainty occasioned by the COVID-19 pandemic it is perhaps more important than ever that the international trade lawyer is aware of the practical impact of cross-border insolvency on their clients' rights.
As discussed in Part 1 of our article on enforcement of Adjudicator's Decisions in the context of insolvency Bresco Electrical Services Ltd (in liquidation) v Michael J Lonsdale (Electrical) Ltd...
Shepherd and Wedderburn LLP
In the recent case of Re CHF 2 Ltd  EWHC 2685 (Ch), officeholders of insolvent 'unitised property ownership schemes' asked the High Court of England and Wales...
In a move to increase confidence in the insolvency regime, the UK Government has proposed new measures to improve transparency
Charles Russell Speechlys LLP
Following its decision in July to consider restructuring options in light of its mounting debts, the popular restaurant chain Pizza Hut has reached an agreement with its creditors by way of a company voluntary arrangement ...
On 25 June 2020, the new Corporate Insolvency and Governance Act (the "Act") received Royal Assent.