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...
16 Jan, 2024 UK's largest nightclub operator calls time on underperforming venues By Helen Martin Rekom UK, the UK's largest nightclub operator, has filed a notice of intention to appoint administrators to a number of companies within...
19 Dec, 2023 Global gloom: insolvencies on the rise By Joanna Charter We wrote earlier this year about the rise in insolvencies in the UK at the end of the summer, as persistent inflation, the pain of...
11 Dec, 2023 Personal guarantees in the spotlight as FCA asked to investigate lending practices By Helen Martin The Federation of Small Businesses (FSB) has issued a “super-complaint” to the Financial Conduct Authority (FCA) regarding the practice...
01 Nov, 2023 Company insolvencies at highest level since financial crisis By Helen Martin The Insolvency Service released the quarterly insolvency statistics for July - September 2023 on 31 October, painting a picture of...
03 Aug, 2023 Insurance resolution regime will give Bank of England new powers to manage the failure of large insurers By Helen Martin Following a consultation earlier this year, the government has announced plans to introduce an insurance resolution regime which will...
21 Jul, 2023 Bounce back loans? Beware! 50% of director disqualifications attributed to bounce back loan fraud By Lucy Trott The fallout from the bounce back loan (BBL) scandal continues, as the Guardian reports that more than half of all director...
14 Jul, 2023 UK implementation of two UNCITRAL model laws on insolvency - update By Helen Martin In an earlier article we discussed The Insolvency Service's proposals for the UK to be an early adopter of two new "model laws" published...
28 Jun, 2023 A bridge over troubled water: is special administration pending for Thames Water? By Lucy Trott The UK government and Ofwat are reportedly preparing contingency plans for the UK's biggest water company, Thames Water, following its...
19 Jun, 2023 Construction and retail suffer as company insolvencies rise By Helen Martin The latest insolvency figures for May show corporate insolvencies on the increase, with construction and retail being among the...
09 Jun, 2023 Another day, another amend and extend - who needs insolvency lawyers when the debts just keep getting rolled? By Matthew Padian Friday's Business section of The Times made interesting reading to us debt finance nerds. We had more news around the continuing saga...