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Five years of restructuring plans: Stability midst the shifting stands at last?

Overview

United Kingdom, Insolvency & Restructuring, Litigation, Tax, DAC Beachcroft LLP, HM Revenue and Customs (UK), Office of Foreign Assets Control (USA)
The Thames Water Restructuring Plan in the Court of Appeal: A question of Fact and Discretion

Overview

United Kingdom, Insolvency & Restructuring, Litigation, DAC Beachcroft LLP, Companies Act 2006 (UK)
Cross Class Cram Down: A way forward or a return to the rocky horror show?

Background

The defining feature of the restructuring plan, which was introduced by the Corporate Insolvency and Governance Act 2020, is the "cross class cram down" ("CCCD") mechanism it introduces as a means of imposing a settlement on recalcitrant creditors.

United Kingdom, Insolvency & Restructuring, Litigation, DAC Beachcroft, Coronavirus, Insolvency, Companies Act 2006 (UK), Corporate Insolvency and Governance Act 2020
Woodford: A line is drawn - The High Court approves the Link Fund Solutions Scheme of Arrangement

On 9 February, the High Court handed down its judgement on Re Link Fund Solutions Ltd [2024] EWHC 250 (Ch) (the "Link Case").

United Kingdom, Capital Markets, Insolvency & Restructuring, Litigation, DAC Beachcroft, Financial Conduct Authority (UK), Companies Act 2006 (UK), Financial Services and Markets Act 2000 (UK)
A boost for UK financial services

The U.K. Financial Services and Markets Act 2023

European Union, United Kingdom, Banking, Capital Markets, Compliance Management, Insolvency & Restructuring, Public, Trade & Customs, A&O Shearman, Corporate governance, Fintech, Due diligence, Carbon neutrality, Cryptocurrency, Anti-money laundering, Financial Conduct Authority (UK), European Commission, HM Treasury (UK), House of Lords, Bank of England, European Securities and Markets Authority, Prudential Regulation Authority (UK), MiFID, Solvency II Directive (2009/138/EU), Financial Services and Markets Act 2000 (UK), Banking Act 2009 (UK), UK Supreme Court
UK proposals for cryptoasset regulation

The U.K. government has published its much-anticipated proposals for regulating the cryptoasset industry. These proposals, currently in the form of a consultation, will see many (but not all) cryptoasset-related activities being brought within the regulatory perimeter for financial services in the U.K.

European Union, United Kingdom, Banking, Capital Markets, Insolvency & Restructuring, IT & Data Protection, White Collar Crime, A&O Shearman, Blockchain, Crowdfunding, Bitcoin, Due diligence, Cryptocurrency, Financial Services Compensation Scheme, Distributed ledger, ESG, Cybersecurity, Anti-money laundering, Central counterparties, Decentralised finance, Financial Conduct Authority (UK), House of Lords, FTX, MiFID, Financial Services and Markets Act 2000 (UK), Markets in Cryptoassets Regulation (EU)