18 Dec, 2024 Thames Water's restructuring showdown: A tale of two RPs By Lucy Trott Thames Water’s bondholders locked horns at the convening hearing of the restructuring plan proposed by its senior (class A) bondholders...
17 Dec, 2024 Will the administration extension for PSL2021 Realisations Ltd set a new precedent? By Millie Wakefield Lucy Trott Joanna Charter In 2020, PSL2021 Realisations Ltd (formerly Peacocks Stores Ltd) (the Company) entered administration, and joint administrators were...
06 Dec, 2024 Insolvency practitioners to become subject to reporting obligations under financial sanctions regime By Louise Corcoran The Office of Financial Sanctions Implementation (OFSI) has published guidance (the Guidance) following the publication of the Sanctions...
27 Nov, 2024 Thames Water’s debt swap dilemma By Lucy Trott Thames Water’s financial troubles rumble on: Thames Water’s board is currently weighing up two refinancing offers with a view to keeping...
06 Nov, 2024 False promises: directors beware of “insolvency avoidance" schemes By Helen Martin The Times reported yesterday on the continued promotion of an “insolvency avoidance” scheme, despite efforts by the Insolvency Service to...
09 Oct, 2024 Most Premiership rugby clubs are balance sheet insolvent – should we care? By Matthew Padian When you read the papers do you start from the front or back? I usually skim read the front-page headlines and immediately flick to the...
02 Oct, 2024 The Cineworld saga: restructuring plan approved By Joanna Charter Cineworld’s woes have been ongoing for some time. A restructuring in 2022-2023 through Chapter 11 in the US bought the group some...
25 Sep, 2024 Uncharted waters: Debt restructuring contemplated for Thames Water By Lucy Trott Over the last week, there have been a number of stories in the media about the continued troubles for Thames Water. As we wrote earlier...
15 Aug, 2024 The conundrum raised by Toogood and Re Pindar: What if there are no longer any secured creditors? By Louise Corcoran The recent High Court decisions in Boughey & Anor v Toogood International Transport and Agricultural Services Ltd and Re Pindar...
09 May, 2024 Becker bankruptcy finally discharged after 7 year gestation period By Lucy Trott Boris Becker was originally made bankrupt in June 2017. In the ordinary course, a debtor is made bankrupt for a period of one year, and...
20 Mar, 2024 Positive news for Prezzo By Samantha Uzzell A corporate “restructuring” really can be good for business: since Prezzo’s Part 26A restructuring plan was sanctioned by the court on 5...
29 Feb, 2024 Can Thames Water (still) keep its head above water? By Lucy Trott Thames Water is making waves once again with renewed discussion around a potential special administration for the beleaguered water...