Key Takeaways
Waypark Commercial Mortgage 1 Ltd v Vanguard Number 1 Ltd (in liquidation) [2025] EWHC 1786 (Ch)
In brief
The concept of an insolvency officeholder “adopting” employment contracts—well-established in UK administration law—does not have a direct equivalent in Hungarian insolvency practice. Nonetheless, understanding when a court-appointed trustee or restructuring administrator assumes employment obligations is crucial for both practitioners and employees.
Hungarian Context
In Hungary, the key officeholders in insolvency or restructuring proceedings are:
Introduction
On 12 November 2025, the Federal Court delivered an important judgment that brings much-needed clarity to the powers, responsibilities, and protections available to liquidators acting under the Companies Act 2016 ("CA 2016").
The decision provides authoritative guidance on what constitutes "costs and expenses of winding up" under section 527(1)(a), and on the high threshold applicable to efforts to remove or sue a liquidator.
Brief background
1. Introducción
From 18 November 2025, the UK’s new Companies House identity verification (IDV) framework took effect, representing one of the most substantial reforms to corporate administration in recent years. The reforms, introduced under the Economic Crime and Corporate Transparency Act 2023, aim to enhance corporate transparency and prevent misuse of UK entities.
On 6 November 2025, winding-up orders were made against Assent Building Control Compliance Limited (“Assent”) and its subsidiaries LB Building Control Limited (“LB”) and
The Insolvency Service has for many decades been the Government department responsible for the oversight of bankruptcies, compulsory insolvencies and, in more serious cases, the disqualification of individual directors.
This article discusses the defining features of Bermuda’s insolvency landscape and the primary insolvency and rescue procedures available under Bermuda law, including compulsory liquidations, provisional liquidations and schemes of arrangements. The case of Chishti v Afiniti Ltd is presented as a recent example of a company successfully availing itself of a restructuring plan through the use of ‘light touch’ provisional liquidation.