Supply chain issues are not new, but following the lifting of coronavirus restrictions in the UK and the hope that UK businesses will bounce back from a prolonged period of suppressed (or no) trading, they are having an acute impact
Continue Reading Supply Chain Risk and Increasing Costs: How Are UK Businesses Building Resilience?
In the context of the EU Directive 2019/1023/UE of 20 June 2019 (“Directive”) and in the aftermath of the Covid crisis, France has reformed its insolvency legislation. The purpose of the legislation is both to implement the requirements of the
Continue Reading An Introduction to France’s New Restructuring Laws
As has been widely reported, the recent energy price volatility (coupled with the price cap limiting suppliers’ ability to pass increased costs on to consumers) has caused a number of energy supply company failures. Yesterday saw the announcement of the
Continue Reading Shining a light (Bulb) on energy supply company failure, SoLRs and special administration
On 12 May 2021, The Rating (Coronavirus) and Director Disqualification (Dissolved Companies) Bill was introduced to Parliament.
The Bill passed through the Commons stages unaltered and recently passed the Committee stage at the House of Lords on 10 November 2021.
Continue Reading Directors of Dissolved Companies and COVID Fraud
Landlords and tenants have both had their own struggles with paying or recovering rent during the COVID-19 pandemic.
Rent arrears accrued during 2020 as sectors, such as retail and hospitality, remained closed for a large part of the year and
Continue Reading New UK Rules Governing Unpaid Commercial Rent
Throughout the pandemic we have seen a succession of temporary practice directions, enabling practitioners to deal with the swearing of notices of intention (NOI) and notices of appointment (NOA) of administrators remotely, as well as answering a question which the
Continue Reading Temporary insolvency practice direction provides certainty about administration appointments
Here we go again – proposed bankruptcy venue legislation is back after previous “reform” efforts came up empty. For those seeking legislative action, what are the chances for venue reform now?
Venue for bankruptcy cases is governed by 28 U.S.C
Continue Reading Bankruptcy Venue “Reform” – What Are The Odds This Time?
In our earlier blog, we considered the application to strike out the challenge against the Caffè Nero company voluntary arrangement (“CVA”) (Nero Holdings Ltd v Young) and the rejection of Caffè Nero’s strike-out action by the Court.
In particular,
Continue Reading Nero CVA challenge – part two: the rejection of the challenge
Further to our blog last week regarding the restrictions on presentation of winding-up petitions being (partially) lifted, the draft legislation replacing the existing restrictions has now been published and is due to come into force on 29 September 2021.
The UK Government has today indicated what will happen at the end of the month, when the temporary restrictions on winding up petitions are due to lift.
Continue Reading (UK) Restrictions on Winding Up Petitions to Lift – But Not for All
