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    Flying into the future: would ATOL reforms have helped more Monarch customers?
    2017-10-04

    Shortly after the last ever Monarch Airlines flight landed at Manchester Airport in the early hours of Monday morning, the airline entered administration, prompting the Civil Aviation Authority (CAA) to launch its "biggest ever peacetime repatriation" to bring home the 110,000 Monarch customers stranded abroad.

    The impact on those travellers should be minimal, but an estimated 750,000 customers' future flights and holidays have been cancelled. Where they stand primarily comes down to whether their booking is protected by the UK's Air Travel Organisers' Licence (ATOL) scheme.

    Filed under:
    United Kingdom, Aviation, Insolvency & Restructuring, Leisure & Tourism, Dentons
    Location:
    United Kingdom
    Firm:
    Dentons
    Construction briefing
    2015-10-01

    Legal changes affecting construction businesses from 1 October 2015

    1 October 2015 ushers in a number of legal changes which affect construction businesses operating in the UK. We have provided brief highlights of some of the changes below. If you need further information, please contact us using the details on the right.

    Filed under:
    United Kingdom, Company & Commercial, Construction, Employment & Labor, Insolvency & Restructuring, Litigation, Dentons
    Authors:
    Nigel Barnett , Sarah Lawson , Rebecca Owen-Howes , Gurbinder Grewal
    Location:
    United Kingdom
    Firm:
    Dentons
    Foreign companies and schemes of arrangement: an update
    2013-12-05

    English schemes of arrangement (Schemes) have become a useful and established procedure for restructuring the debts of foreign companies incurred under English law finance documents. For an overview of why they are useful and how they work, see our July 2011 article "Financial restructurings of foreign companies through English schemes of arrangement".

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Dentons
    Authors:
    Rachel Anthony , Hayley Çapani
    Location:
    United Kingdom
    Firm:
    Dentons
    Guarantors' indemnity claims in insolvency following Re Kaupthing
    2012-04-30

    KEY POINTS

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Dentons, Surety, Debtor, Debt
    Authors:
    Adam Pierce
    Location:
    United Kingdom
    Firm:
    Dentons
    Financial restructurings of foreign companies through English schemes of arrangement
    2011-09-20

    Lending to a foreign company? If you choose English law to govern your facility documents and provide for the English court to have exclusive jurisdiction, an English scheme may be a viable means of restructuring the debt later, if the need arises.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Dentons, Conflict of laws, Debt, Consent, Liquidation, Exclusive jurisdiction, Secured loan, Constitutional amendment, Insolvency Act 1986 (UK)
    Location:
    United Kingdom
    Firm:
    Dentons
    Treasury to end NR guarantees
    2010-08-06

    Treasury has announced the next stage of withdrawal of government support for Northern Rock. It will end its guarantee on wholesale liabilities in three months' time, earlier than planned.

    Filed under:
    United Kingdom, Banking, Insolvency & Restructuring, Dentons, Liability (financial accounting), HM Treasury (UK)
    Authors:
    Robert Finney
    Location:
    United Kingdom
    Firm:
    Dentons
    ISDA responds on investment bank resolution
    2009-07-17

    ISDA has written to Treasury on its plans to make insolvency regulations in relation to investment banks. It supports Treasury's plan to take legislative steps only if market practice and regulatory approaches do not work. It endorses the view that sophisticated counterparties should have as much flexibility as possible. It notes the interaction of any regime for investment banks with existing regimes must be clear but does not currently see a compelling case for changes to the current regime.

    Filed under:
    United Kingdom, Capital Markets, Derivatives, Insolvency & Restructuring, Dentons, Investment banking, HM Treasury (UK), International Swaps and Derivatives Association
    Authors:
    Matthew Hodgson
    Location:
    United Kingdom
    Firm:
    Dentons
    Airline insolvency and repossession - United Kingdom
    2020-12-04

    What are the principal types of insolvency proceedings?

    Filed under:
    United Kingdom, England & Wales, Aviation, Insolvency & Restructuring, Dentons
    Location:
    United Kingdom
    Firm:
    Dentons
    Retention of title: a practical response to COVID-19
    2020-05-07

    It is an unfortunate reality that the current pandemic and associated recession will result in the collapse of many businesses, with sectors including retail, hospitality and travel likely to be particularly hard hit. One report by a leading consultancy estimates that half a million UK companies are at risk.

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Dentons, Coronavirus
    Location:
    United Kingdom
    Firm:
    Dentons
    The Pre-Action Protocol for Debt Claims
    2017-09-25

    The Pre-Action Protocol for Debt Claims comes into force on 1 October 2017. This note deals with the key elements to be aware of.

    Applicability

    While the Protocol is named the Pre-Action Protocol for Debt Claims the first thing to note is that it only applies to businesses claiming payment of debts from an individual (including individual sole traders) and does not apply to business-to-business debts.

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Dentons
    Location:
    United Kingdom
    Firm:
    Dentons

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