The European Insolvency Regulation (Council Regulation (EC) No 1346/2000 of 29 May 2000 on insolvency proceedings) is being revised. In the months since we last reported, the European Council, Parliament and Commission reached agreement on a revised...
Insolvency office holders conducting litigation can continue to recover CFA uplifts and ATE premiums from losing parties. The government announced today, 26 February 2015, in a Written Statement that the insolvency exemption to sections 44 and 46 of...
The insolvency market is small and shrinking, 33,000 corporate insolvencies a year will produce something like 20 to 30 cases for each of those who take corporate appointments.  That number of small liquidations is unlikely to make a viable...
Insolvency practitioners are at the sharp end of an increasingly complex system that is understood by few outside the profession.  We have to explain clearly and succinctly what we do and why, and we have to do so over and over again, both case...
The UK insolvency regulatory system is being tinkered with, but it needs to be and be seen to be more effective.  For that it needs a more robust design.  At present it neither gives confidence to the public nor serves the profession well...
We are usually introduced to financially stressed or distressed businesses by professional advisors, often solicitors or accountants, who see the need for our specialist skills.  However, ultimately we are instructed by the management,...
Tinkering would seem to describe the current legislative approach to insolvency – rarely a good model for effectiveness and efficiency. Separate corporate and individual insolvency licensing is an astonishingly wasteful and regulatory...
The numbers of corporate insolvencies are falling.  At the time of writing my current estimate for 2014 is 33,000 corporate insolvencies which is about 75% of the peak reached in 2009. Interest rates are not now expected to rise until 2016 and...