Directors’ duties and liabilities have always been at the forefront of corporate governance. It has become a hot topic in the wake of new regulations in the field of sustainability, which directly impact directors’...more
12/6/2023
/ Best Practices ,
Board of Directors ,
Corporate Governance ,
Corporate Liability ,
Corporate Management ,
Corporate Social Responsibility ,
Diversity ,
Duties & Responsibilities ,
Duty of Care ,
Environmental Social & Governance (ESG) ,
EU ,
Foreign Jurisdictions ,
New Regulations ,
Popular ,
Shareholders ,
Surveys ,
Sustainability
In July 2022, the UK government proposed two key changes to the existing insolvency arrangements in respect of insurance companies as part of a wider set of reforms to the existing Financial Services and Markets Act 2000...more
We look at the new rent arrears ringfencing and binding arbitration regime for commercial tenants and their landlords. Continued economic uncertainty means large tenants and their stakeholders should be mindful of the UK’s...more
The National Security and Investment Act 2021 (the Act) came into force on 4 January 2022 and is expected to have significant consequences in the distressed environment, particularly in relation to the enforcement of security...more
The National Security and Investment Act 2021 came into force on 4 January. We look at the implications for the loan markets.
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The recent decision in Re Prosafe SE pits the principle of freedom of contract against the increasingly popular modified universalism in the cross-border restructuring and insolvency space.
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Bulb has just become the first energy supply company to enter into special administration. This alert puts the special administration regime in focus....more
As we stand facing another potential financial crisis, the UK adopted new regulations which tighten the screw to control pre-packaged sales to connected parties.
...more
The Corporate Insolvency and Governance Act (the Act) entered into force on 26 June 2020. The Act represents the most significant reforms to the insolvency framework in the United Kingdom since, at least, the widespread...more
In this alert, we look at the recent Virgin Active and Hurricane Energy restructuring plans. Stakeholders should continue to see the restructuring plan as an important tool for the implementation of complex restructurings....more
The Corporate Insolvency and Governance Act (the Act) entered into force on 26 June 2020. The Act represents the most significant reforms to the insolvency framework in the United Kingdom since, at least, the widespread...more
The Corporate Insolvency and Governance Act (the Act) entered into force on 26 June 2020. The Act represents the most significant reforms to the insolvency framework in the United Kingdom since, at least, the widespread...more
As we stand facing another potential financial crisis, the UK adopted new regulations which tighten the screw to control pre-packaged sales to connected parties.
...more
First featured as an article in Global Restructuring Review, Jennifer Marshall and Harini Viswanathan consider what the Gategroup convening judgment that found UK restructuring plans to be an “insolvency proceeding” for the...more
Opportunities to acquire distressed or insolvent businesses look set to accelerate later this year. What should buyers be thinking about?
One of the surprising features of the pandemic, given the damage it has caused to...more
The Corporate Insolvency and Governance Act 2020 (the Act) entered into force on 26 June 2020. The Act represents the most significant reforms to the insolvency framework in the United Kingdom since, at least, the widespread...more
As we stand looking into the abyss of another financial crisis, the UK government looks set to further tighten the screw to control pre-packaged sales to connected parties. The writing has been on the wall since Theresa...more
As Brexit negotiations show no indication of a concrete deal, it is crucial we consider the impacts of a no-deal scenario on the UK’s restructuring and insolvency regime, and its relationship with the European framework.
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Control over pre-packs looks set to tighten further -
As we stand looking into the abyss of another financial crisis, the UK government looks set to further tighten the screw to control pre-packaged sales to connected...more
Administration is often depicted by the media as a procedure that is used when the company is on the brink of collapse. This is not always the case. Administration is a highly flexible and adaptable rescue tool that, in the...more
In light of the Covid-19 coronavirus pandemic, the vast majority of European countries are implementing various measures concerning insolvency proceedings, restructurings and rights of creditors generally. At the same time,...more
Executive Summary -
In a press statement on 28 March 2020, the UK government announced proposed changes to insolvency laws in response to the Covid-19 coronavirus.
• Wrongful trading: there will be a temporary suspension of...more
The UK Government’s response issued on 26 August 2018 confirms that the UK corporate restructuring toolbox will change (and expand).
Some of the proposed changes could be significant for borrowers, creditors and distressed...more