Verkopers en leveranciers van roerende goederen kunnen problemen met slecht betalende klanten voorkomen via een beding van eigendomsvoorbehoud.

Met dit beding kan men namelijk contractueel bepalen dat het eigendomsrecht op een bepaald goed pas overgaat nadat de derde-verkrijger er de prijs volledig van heeft betaald.

Les vendeurs et les fournisseurs de biens mobiliers peuvent faire face aux problèmes rencontrés avec des clients mauvais payeurs par l’insertion d’une clause de réserve de propriété.

Par cette clause, il peut notamment être prévu contractuellement que le droit de propriété d'un certain bien ne sera transféré qu'après paiement intégral du prix par l’acheteur.

Sellers and suppliers of movable assets can avoid problems caused by poorly-paying customers through a retention of title clause.

This clause makes it contractually possible to stipulate that ownership of a certain good does not transfer until the purchaser has paid the full price.

In FCA v Carillion [2021] EWCH 2871 (Ch), the High Court has confirmed that Financial Conduct Authority (FCA) enforcement action against Carillion Plc (in Liquidation) (Carillion) pursuant to certain provisions of the Financial Services and Markets Act 2000 (FSMA) does not constitute an “action or proceeding” and therefore falls outside of the scope of the statutory stay imposed by section 130(2) of the Insolvency Act 1986 (the Act).

Section 130(2) of the Act

Regulations have been published which, from 1 October 2021, will change the current restrictions on the use of winding up petitions (the regulations). A link to the regulations can be found here.

In summary, the regulations partially lift the temporary restriction on the use of winding up petitions imposed by the Corporate Insolvency and Governance Act 2020 and provide that:

Following a government announcement on 16 June, the Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) (No. 2) Regulations 2021 (the Regulations) have been laid before Parliament, coming into force on 22 June.

After a somewhat leisurely start, case law regarding the new restructuring plan in Part 26A of the Companies Act 2006 now seems to be picking up pace.

On 13 January 2020, the High Court sanctioned the restructuring plans proposed by three UK companies in the DeepOcean group, under Part 26A of the Companies Act 2006.

On 29 January 2020, the Insolvency Service published its quarterly insolvency statistics for October to December 2020 (Q3 2020).

The Court of Appeal judgment handed down on 9 November 2020 in the case of HH Aluminium & Building Products Ltd and another v Bell and another (Joint Trustees In Bankruptcy of Ide) [2020] EWCA Civ 1469 provides a clear warning to applicants: serve your application notice without delay, particularly if a limitation period is close to expiry.

Factual background: