The Accountant in Bankruptcy (AiB) has released its Annual Report and Accounts for the year 2016-17. The report contains a wealth of data, including a collation of the AiB's quarterly insolvency statistics.

Corporate insolvency

The European Commission has published forms to be used under the Recast European Insolvency Regulation (Recast EIR).

Insolvency Practitioners will need to be familiar with the forms and the circumstances in which they should be used.

What are the new forms?

In summary, the new forms are:

1. A standard notice form to be used by courts or Insolvency Practitioners to inform known foreign creditors of the opening of insolvency proceedings;

2. A standard claim form to be used by foreign creditors to lodge claims;