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Gowling WLG
On 26 June 2020, the Corporate Insolvency and Governance Act (the Act) came into force.
The Corporate Recovery & Insolvency Act 2020 became law on 26 June 2020. It contains some temporary provisions required as a result of COVID-19 and some permanent provisions that have been in the offing ...
Shepherd and Wedderburn LLP
The Supreme Court judgment in Bresco Electrical Services Ltd v Michael J Lonsdale (Electrical) Ltd has clarified the interplay between adjudication and the process of insolvency set-off.
Withers LLP
For UK businesses grappling with cash flow, workforce and financial commitments with the continuing effects of the COVID-19 pandemic, further options are available from today, 26 June 2020.
Russell-Cooke Solicitors
Share The Corporate Insolvency and Governance Bill ("the Bill") continues to make its way through Parliament, with a raft of measures designed to help companies adapt to the economic...
Withers LLP
In the pre-COVID world, on February 19, 2020, the Small Business Reorganization Act (SBRA) became effective, adding the new subchapter V to Chapter 11 of the United States Bankruptcy Code.
Mayer Brown
On 20 May 2020, the UK Government published its much anticipated draft legislation (the Corporate Insolvency and Governance Bill) which aims to provide greater opportunities for company survival ...
Mayer Brown
At the time of writing, the long-awaited Corporate Insolvency and Governance Bill (the 'Insolvency Bill') is yet to be published but a number of recent announcements by the UK Government...
Cleary Gottlieb Steen & Hamilton LLP
On May 20, 2020, the UK government published its highly anticipated Corporate Insolvency and Governance Bill.
Kirkland & Ellis International LLP
Restructuring & Insolvency Comparative Guide for the jurisdiction of UK, check out our comparative guides section to compare across multiple countries
The implications of the COVID-19 pandemic continue to stretch companies to their limits and many may become overleveraged as they battle with revenue loss, rising borrowing costs and dwindling cashflows.
Gowling WLG
We have previously reported on the developing area of adjudication by insolvent companies, now the subject of another key judgment.
Clyde & Co
As the prevalence of COVID-19 continues to grow worldwide, together with the resulting social and business restrictions, the inevitable fallout will be a failure to achieve business plans and an increase in business insolvencies.
What impact is the COVID-19 pandemic and increased regulation having on restructuring activity and how is the role of the trustee changing?
Arthur Cox
The adverse trading position caused by the COVID-19 situation is significantly impacting the majority of companies and is also bringing the duties of directors...
Shepherd and Wedderburn LLP
Each day brings fresh challenges as a consequence of the COVID-19 pandemic, giving rise to understandable anxiety among businesses and wider society.
Shepherd and Wedderburn LLP
The recent collapse of Flybe has thrown a spotlight on the future of its 2,000-strong workforce, including its international employees who rely on the airline's...
Mayer Brown
The UK Government announced in this week's Budget that, in all insolvencies commencing on or after 1 December 2020, the UK tax authorities will move up the creditor hierarchy in English ...
Hogan Lovells
The UK Parliament made an Order on 3 March 2020 which increases the prescribed part, payable to unsecured creditors from floating charge recoveries on the insolvency of a company
Cadwalader, Wickersham & Taft LLP
On Saturday 28 March 2020, the Business Secretary, Alok Sharma, announced that the UK government would be introducing legislation to make changes to existing insolvency laws in response to COVID-19.
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