The pandemic has brought much uncertainty to the hotel sector — Intermittent national and regional lockdowns, work from home mandates and restrictions around domestic and international travel have left hoteliers in the...more
2/24/2022
/ Acquisitions ,
Business Assets ,
Buyers ,
Distressed Assets ,
Documentation ,
Hotels ,
Insolvency ,
Liquidation ,
Mergers ,
Sellers ,
Selling a Business ,
Target Company ,
UK
On 8 October 2020 the UK Government published draft regulations which were intended to regulate and scrutinise pre-pack sales to connected parties. The regulations required that, in relation to a sale of all or substantially...more
2/26/2021
/ Board of Directors ,
Buyers ,
Connected Entities ,
Creditors ,
Insolvency ,
New Regulations ,
Sale of Assets ,
Sellers ,
Selling a Business ,
Shareholders ,
UK ,
UK Parliament
The return of Crown Preference on 1 December, 2020 has widely united the restructuring community against the new measures. Whilst the rationale that the Treasury should have priority for sums received by a debtor on its...more
The Corporate Insolvency and Governance Act 2020 received royal assent on 25 June 2020. Many of the provisions of the act are based on the bill which was initially proposed pre-COVID-19, with a framework having been set out...more
9/15/2020
/ Board of Directors ,
Breach of Contract ,
Contract Termination ,
Coronavirus/COVID-19 ,
Corporate Governance ,
Corporate Restructuring ,
Creditors ,
Debtors ,
Goods or Services ,
Insolvency ,
Lenders ,
Moratorium ,
Personal Liability ,
Suppliers ,
Supply Contracts ,
UK ,
UK Companies Acts ,
UK Insolvency Act ,
Winding Up Petitions ,
Wrongful Trading
The Corporate Insolvency and Governance Bill (the Bill) had its first reading in the House of Commons on Wednesday 20 May 2020. It will next be considered on 3 June. It is expected to be enacted into law in late June or early...more
5/28/2020
/ Breach of Contract ,
Coronavirus/COVID-19 ,
Corporate Governance ,
Corporate Restructuring ,
Goods or Services ,
Insolvency ,
Moratorium ,
Proposed Legislation ,
Suppliers ,
Supply Contracts ,
UK ,
Winding Up Petitions
The next recession will be the first to occur since Bitcoin and other crypto-assets became prevalent in UK businesses. This Client Alert highlights how UK courts and insolvency officeholders may deal with crypto-assets in an...more
4/16/2020
/ Bitcoin ,
Creditors ,
Cryptoassets ,
Cryptocurrency ,
Digital Currency ,
Economic Downturn ,
Initial Coin Offering (ICOs) ,
Insolvency ,
Popular ,
Recessions ,
UK ,
UK Insolvency Act
THE RISE OF P2P LENDING -
With interest earned on capital at a low, a decreased appetite by High Street lenders to lend to small and medium-sized enterprises (SME’s) in the wake of the financial crisis and an opportunity...more