Welcome to the latest edition of the Financial Regulation Weekly Bulletin.
If you would like to discuss in more detail, please contact your relationship partner or email one of our Financial Regulation team.
Developments this week are in relation to:
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In early November 2025 one of the biggest UK’s largest private building control firms Assent Building Control Compliance Limited, along with its subsidiaries Oculus Building Consultancy Limited and LB Building Control Limited, (together “Assent”) ceased trading and subsequently entered liquidation. The collapse of such a major player in the building control sector will likely have wide ramifications throughout the whole construction industry, and particularly for HRB developments and the BSR’s Gateway 2 Application process.
The Judicial Committee of the Privy Council in CL Financial Ltd (in Liquidation)[1] has provided helpful guidance on applications for approving liquidators’ remuneration.
The Federal Court declined to approve a creditors' scheme of arrangement by Twinza Oil Limited (Twinza). The scheme, supported by all scheme creditors, proceeded on the assumption that the ordinary and preference shares were worthless.
Key takeouts
Key Takeaways
Welcome back to Distressed Debt Legal Insights, Ropes & Gray’s source of timely insights for professionals navigating the complex world of liability management and special situations finance. In this issue we will provide a summary of certain aspects of the noteholder litigation in Wesco that culminated in the recent district court decision approving the 2022 uptier transaction and reversing the bankruptcy court’s decision.
The Original Transaction
Key Insights
- The surge of distress and insolvency that occurred in 2024 showed no signs of stopping in 2025.
- Inflation, continued regulatory changes and global uncertainty have contributed to the continued rise in insolvency appointments, especially in the construction and hospitality sectors.
- Key trends included M&A, lenders supporting an operational or balance sheet restructuring, government intervention and increased regulatory scrutiny of private capital.
1. Distress and restructuring trends in 2025
Welcome to the final edition of Buddle Findlay's insolvency and restructuring update for 2025. As we head towards the silly season and a well-deserved break for many, it's an opportunity to reflect on what has been a very busy year in the insolvency and restructuring space.