Assignments for benefit of creditors (“ABCs”) and receiverships have been utilized effectively for centuries under the common law, side-by-side as separate and distinct and complementary remedies for liquidating assets.
Differences
Differences between the two are that:
The Renters' Rights Act 2025 (the Act) will overhaul the private rented sector in England and Wales.
Key changes include:
- All tenancies being periodic assured tenancies;
- Changes to the way landlords can obtain possession;
- The application of a Decent Homes Standard to the private rented sector; and
- The creation of a digital private rented sector database.
The Act received Royal Assent on 27 October 2025 and the Government has published a roadmap for phased implementation, with the key reforms commencing on 1 May 2026.
A knowing breach of the payment prohibition under insolvency law cannot be inferred from a breach of the obligation to file for insolvency.
In the recent decision of AlphaBow Energy Ltd. (Re) (“AlphaBow”),[1] the Alberta Court of King’s Bench dismissed AlphaBow’s application to stay the Alberta Energy Regulator’s (“AER”) request for a security deposit for the duration of its restructuring proceedings.
Background
Welcome back to Distressed Debt Legal Insights, Ropes & Gray’s new source of timely insights for professionals navigating the complex world of liability management. In this edition, we’re looking at how Anthology resolved an objection to its proposed non-pro rata DIP rollup.
Background
Anthology filed for Chapter 11 on Sept. 29 in the Southern District of Texas with a restructuring support agreement signed by 87% of first out lenders and 68% of second out lenders.
This article first appeared in Volume 22, Issue 6 of International Corporate Rescue.
Synopsis
In Re Petrofac Ltd [2025] EWHC 2887 (Ch), the English High Court made an administration order in relation to a Jersey-incorporated company even though its registered office was not in England which is the starting point for determining COMI and therefore the Court’s jurisdiction to make such an order.
Background
The EU Mobility Directive (2019/2121 (EU), the Directive) has introduced a harmonised legal framework for cross-border conversions (or redomiciliations), mergers, and demergers within the EU and EEA — offering global companies new flexibility to reshape their European operations. Please see our legal update of December 2022 as well as any of our subsequent country specific insights.
Key Takeaways
Waypark Commercial Mortgage 1 Ltd v Vanguard Number 1 Ltd (in liquidation) [2025] EWHC 1786 (Ch)
In brief