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    HFW Disputes Digest 2023
    2024-01-08

    HFW DISPUTES DIGEST 2023

    Welcome to the second annual Disputes Digest, in which we collate our 2023 global HFW LITIGATION and International Arbitration publications in one place.

    This edition includes updates from across our Disputes arena, including England and Wales, BVI, AsiaPac, and the Middle East.

    Filed under:
    European Union, Global, Hong Kong, Singapore, United Kingdom, USA, Arbitration & ADR, Banking, Capital Markets, Company & Commercial, Compliance Management, Derivatives, Environment & Climate Change, Healthcare & Life Sciences, Insolvency & Restructuring, IT & Data Protection, Litigation, White Collar Crime, HFW, Know your customer, Blockchain, Employee Retirement Income Security Act 1974 (USA), Advertising, Climate change, Supply chain, Mediation, Fintech, Due diligence, Carbon neutrality, Cryptocurrency, ESG, Litigation funding, Anti-money laundering, Non-fungible tokens, Metaverse, Anti-bribery and corruption, Greenwashing, US Securities and Exchange Commission, Financial Conduct Authority (UK), Barclays, Consumer Financial Protection Bureau (USA), Google, European Council, Commodity Futures Trading Commission (USA), Competition and Markets Authority (UK), HSBC, Monetary Authority of Singapore, Bank of England, Singapore International Arbitration Centre, FTX, Silicon Valley Bank, Arbitration Act 1996 (UK), Federal Arbitration Act 1926 (USA), Financial Services and Markets Act 2000 (UK), UK Supreme Court
    Location:
    European Union, Global, Hong Kong, Singapore, United Kingdom, USA
    Firm:
    HFW
    Guilty or Not Guilty: UK Supreme Court Decides Fate of Administrator Appointed Under Insolvency Act
    2023-12-20

    Go-To Guide:

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Greenberg Traurig LLP, UK Supreme Court
    Authors:
    Hannah Blom-Cooper , Rupert Cheetham , Alex Swan
    Location:
    United Kingdom
    Firm:
    Greenberg Traurig LLP
    The Court of Appeal affirms the importance of office holders’ discretion
    2023-12-20

    There have been many reported cases in the bankruptcies of Mr and Mrs Brake (the “Brakes”) including the recent case of Patley Wood Farm LLP v Kicks [2023] EWCA Civ 901 where the Court of Appeal considered an application under s303 of the Insolvency Act 1986 (the “IA 1986”) against a decision of the trustees in bankruptcy of the Brakes (the “Trustees”).

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Charles Russell Speechlys, UK Supreme Court
    Authors:
    Carris Peacey
    Location:
    United Kingdom
    Firm:
    Charles Russell Speechlys
    The Year in Review: Scope of Directors’ Duties Revisited
    2023-12-19

    The Supreme Court’s judgment in BTI 2014 LLC v Sequana SA and ors[1] (“Sequana”) is a key decision on the law surrounding directors’ duties.

    The High Court was required to consider the Supreme Court’s Sequana judgment in Hunt v Singh (below).

    What did we learn from Sequana?

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Charles Russell Speechlys, Corporate governance, HM Revenue and Customs (UK), Carillion, Insolvency Service (UK), UK Supreme Court
    Authors:
    James Hyne , Carris Peacey
    Location:
    United Kingdom
    Firm:
    Charles Russell Speechlys
    An Officer and an Administrator? The Supreme Court Weighs in on the role of Administrators in the Companies they administrate
    2023-12-14

    In R (on the application of Palmer) v Northern Derbyshire Magistrates' Court [2023] UKSC 38, the Supreme Court has ruled that an administrator appointed under the Insolvency Act 1986 is not an "officer" of the company.

    This case considered this issue within the meaning of section 194 of the Trade Union and Labour Relations (Consolidation) Act 1992 (the TULRCA). As a result of the Supreme Court's decision, administrators will not be exposed to potential criminal liability for failing to notify the Secretary of State of collective redundancies.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Mishcon de Reya LLP, UK Supreme Court
    Authors:
    David Leibowitz , Alexandra Baker
    Location:
    United Kingdom
    Firm:
    Mishcon de Reya LLP
    UK Employment Law Update - December 2023
    2023-12-08

    Welcome to our monthly newsletter, with a summary of the latest news and developments in UK employment law.

    In this issue

    • Case law updates
    • Legislative developments
    • Other news
    • New guidance
    • Consultations

     Recent publications

    Filed under:
    United Kingdom, Scotland, Compliance Management, Employment & Labor, Insolvency & Restructuring, Litigation, Tax, Reed Smith LLP, Gender pay gap, Unfair dismissal, Insolvency, HM Revenue and Customs (UK), Deliveroo, Leahy-Smith America Invents Act 2011 (USA), Transfer of Undertakings (Protection of Employment) Regulations 2006 (UK), Supreme Court of the United States, UK Supreme Court, Employment Appeal Tribunal
    Authors:
    David Ashmore , Carl De Cicco , Robin B. Jeffcott , Joanna Powis , Alison Heaton
    Location:
    United Kingdom
    Firm:
    Reed Smith LLP
    Failure to file an HR1 form: administrators not criminally liable
    2023-12-06

    The Supreme Court recently considered whether administrators of a company can be prosecuted for a failure to provide notice to the Secretary of State, using form HR1, of proposed collective redundancies.

    They found that for the purposes of interpreting the relevant section of the Trade Union and Labour Relations (Consolidation) Act 1992 ("TULRCA"), administrators were not an "officer" and so were not subject to the obligation to file an HR1. This decision, however, has the potential to impact much wider than the world of redundancies.  

    Filed under:
    United Kingdom, Employment & Labor, Insolvency & Restructuring, Litigation, Foot Anstey LLP, UK Supreme Court
    Authors:
    Tim Pritchard , Joanne Rumley , Harry Jupp
    Location:
    United Kingdom
    Firm:
    Foot Anstey LLP
    Collective redundancies and possible criminal liability: Supreme Court provides important clarification for administrators
    2023-12-01

    Recent news reports have highlighted that the number of corporate insolvencies has continued to rise during 2022 and 2023, with the retail sector being particularly affected. Many companies are struggling to meet the demands of repaying government support provided during lockdown, increased running costs and high wages coupled with lower demand due to the cost of living crisis.

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, CMS Cameron McKenna Nabarro Olswang LLP, Insolvency Service (UK), UK Supreme Court
    Authors:
    Tracey Marsden , Sarah Ozanne , Aisleen Pugh
    Location:
    United Kingdom
    Firm:
    CMS Cameron McKenna Nabarro Olswang LLP
    The Administrator - An Officer of the Company?
    2023-11-29

    In a welcome clarification for administrators, the UK Supreme Court in the recent case of R (on the application of Palmer) v Northern Derbyshire Magistrates’ Court[1], held that an administrator appointed under the Insolvency Act 1986 (IA 1986) is not an “officer” of the company for the purposes of section 194(3) of the Trade Union and Labour Relations (Consolidation) Act 1992 (TULRCA).

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Morrison & Foerster LLP, UK Supreme Court
    Authors:
    Amrit S. Khosa , Oliver Spratt
    Location:
    United Kingdom
    Firm:
    Morrison & Foerster LLP
    Supreme Court rules on challenges to officeholder decisions: the bar is set high
    2023-11-10

    The court has the power to challenge any decision of the officeholder in an insolvency process on application by a dissatisfied party. The ambit of that power depends upon the nature of the insolvency process but, broadly, the following categories of people will be entitled to apply:

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Stevens & Bolton LLP, Insolvency, UK Supreme Court
    Authors:
    David Steinberg , Lucy Trott
    Location:
    United Kingdom
    Firm:
    Stevens & Bolton LLP

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