The UK retail and hospitality sectors are entering the crucial winter trading period under renewed pressure following the Chancellor’s November Budget. Economic growth remains weak, and the Office for Budget Responsibility has downgraded its annual economic forecasts through to 2030, signalling that the operating environment for consumer-facing businesses is likely to remain difficult for some time. Meanwhile, insolvency levels continue their upward trajectory: 2,029 company insolvencies were recorded in October 2025, a 17% increase compared with the same month last year.

At 11 p.m. on Thursday, December 31, 2020, the United Kingdom left the European Union.

This has since enabled staff in many airports in continental Europe, often with unconcealed delight, to direct British citizens to much longer queues than they would have needed to join had the U.K. remained an EU Member State.

A knowing breach of the payment prohibition under insolvency law cannot be inferred from a breach of the obligation to file for insolvency.

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:

The insolvency framework governing real estate projects in India has undergone a significant transformation with the recognition of “Reverse CIRP”, a judicial innovation designed to protect homebuyers’ interests while ensuring completion of stalled real estate projects. This mechanism was recently endorsed by the National Company Law Appellate Tribunal (“NCLAT”) in the Satish Chander Verma v. Grand Reality Private Limited^[1] ("Grand Reality Case").

Executive Summary:

In a landmark judgment in the matter of Mansi Brar Fernandes vs Shubha Sharma and others delivered in September 2025, the Hon’ble Supreme Court of India reaffirmed the constitutional right to shelter as a fundamental right under Article 21 of the Indian Constitution.

The Israeli Insolvency Law: The General Framework You’ll Need to Navigate