The government has published further detail on the forthcoming “Register your rental property” service, which forms part of the second phase of implementation of the Renters’ Rights Act 2025 (RRA). The service will require landlords of qualifying residential properties to
Congress has taken a significant step to expand access to bankruptcy relief for small businesses by permanently increasing the debt eligibility limit for Subchapter V of chapter 11. The legislation, known as the Bankruptcy Threshold Adjustment Act (H.R. 7730
The use of formal restructuring procedures to reduce lease liabilities is nothing new. For many years, retailers and hospitality businesses relied on Company Voluntary Arrangements (“CVAs”) to reduce rents, compromise arrears and exit underperforming sites. Since the introduction of Part
The decision of the Court of Appeal in Glint Pay Ltd. v Baker[1]has opened the door to scrutiny of appointers’ purposes when making out of court appointments of administrators. Whether the appointment was motivated by improper purposes in
The case of Valeriy Ernestovich Drelle v Service-Terminal LLC[1] has, over recent years, caused lots of debate over whether unrecognised, unregistrable foreign judgments could form the basis of a bankruptcy petition pursuant to sections 267 and 268 of the
The court was asked to assist the joint liquidators of Float Capital[1] (the Company) in circumstances where it was inappropriate to seek creditor approval under Part 18 of the Rules. This was because the majority creditor of the Company,
The UK Supreme Court’s decision in Saxon Woods Investments Ltd v Costa [2026] UKSC 21 is not an insolvency case. However, it has important implications for directors of financially distressed companies and for office-holders assessing potential claims against former directors.
The court’s finding in Vybra Solutions Ltd, Re [2026] EWHC 1125 (CH) (“Re Vybra”) highlights a conflict between the Insolvency Rules 2016 (the “Rules”) and the CPR. The decision that permission to serve outside the jurisdiction was not needed does
S216(3) of the Insolvency Act 1986 restricts former directors of insolvent companies from being involved with companies or businesses using a prohibited name for five years following an insolvent liquidation.
S216(3) provides that, unless leave is granted by the court
On remand from the Fifth Circuit, the Bankruptcy Court for the Southern District of Texas (the “Court”) held in the Serta Simmons Bedding (“Serta”) liability management exercise (“LME”)[1] dispute that a credit agreement’s pro-rata sharing provision applied to
