Skip to main content
Enter a keyword
  • Login
  • Home

    Main navigation

    Menu
    • US Law
      • Chapter 15 Cases
    • Regions
      • Africa
      • Asia Pacific
      • Europe
      • North Africa/Middle East
      • North America
      • South America
    • Headlines
    • Education Resources
      • ABI Committee Articles
      • ABI Journal Articles
      • Covid 19
      • Conferences and Webinars
      • Newsletters
      • Publications
    • Events
    • Firm Articles
    • About Us
      • ABI International Board Committee
      • ABI International Member Committee Leadership
    • Join
    Bottoms down for Bargain Booze
    2018-05-14

    Conviviality, the company that owns Bargain Booze, Wine Rack and acts as supplier to Wetherspoons, Slug & Lettuce and many others, entered Administration on 4 April. The company's collapse was sudden and unexpected - as late as 8 March its stock market value was over £550 million, but its share price fell from 301p to 123p in less than 24 hours. This wiped £300 million off the company's value, a drop from which it never recovered.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Ashfords LLP
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    Restructuring options for businesses in the retail and construction sectors
    2018-02-20

    While overall insolvencies fell in number in 2017 compared with 2016, the last quarter of 2017 showed an increase compared with the previous quarters which had been stable.

    In those insolvencies, the vast majority are voluntary liquidations, but there is a trend of retail businesses which are struggling turning to the Company Voluntary Arrangement restructuring option, often accompanied by a managed reduction in operations.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Ashfords LLP
    Authors:
    Katie Farmer
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    Application to Set Aside a Statutory Demand
    2017-12-13

    Daniel Maurice Wagner -v- Benjamin Vincent St John White [2016] WL 10574979

    Tech entrepreneur Ben White has successfully defended Dan Wagner's application to set aside a Statutory Demand in relation to Mr White's £2m investment in Powa Technologies PLC ("Powa"). Ashfords advised Ben White, with Joe Curl acting as counsel.

    The Facts

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Ashfords LLP
    Authors:
    Connor Pierce
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    Re Dalnyaya Step LLC [2017] EWHC 756 (Ch)
    2017-06-27

    This case involved an application for security for costs against Mr Nogotkov who is, or claims to be, the Liquidator appointed by a Russian court of Dalnyaya Step LLC ("DSL").

    Filed under:
    Global, United Kingdom, Insolvency & Restructuring, Litigation, Ashfords LLP, Debt, Liquidation, Liquidator (law), Subsidiary, High Court of Justice
    Authors:
    Olivia Bridger , Alan Bennett
    Location:
    Global, United Kingdom
    Firm:
    Ashfords LLP
    Insolvency Rules 2016 - Remuneration of Officeholders
    2017-04-19

    Rules 18.15 to 18.38 of the Insolvency Rules 2016 deals with remuneration principles, fixing of remuneration, challenges by creditors and applications to Court by officeholders in relation to their remuneration placing all the rules surrounding remuneration in one place as opposed to dotted around the various procedures in the old rules.

    Principles

    Rule 18.16 sets out the general principles as to how administrators, liquidators and trustees can be remunerated and is largely unchanged from the old rules.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Ashfords LLP
    Authors:
    Alan Bennett
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    Vincent Aziz Tchenguiz & Ors v. (1) Kaupthing Bank HF (2) Johannes Runar Johannsson [2017] EWCA Civ 83
    2017-03-29

    The English Court of Appeal dismissed an appeal that a claim could be pursued in the English courts whilst the defendant was also subject to winding-up proceedings under Icelandic insolvency law.

    This case concerns a Court of Appeal hearing following the collapse of the large Icelandic bank, Kaupthing Bank HF ("Kaupthing"), in 2008. Kaupthing was subject to a moratorium order made by the Icelandic courts in 2008 and a winding-up order in November 2010.

    Filed under:
    Iceland, United Kingdom, Banking, Insolvency & Restructuring, Litigation, Ashfords LLP, Court of Appeal of England & Wales
    Authors:
    Alan Bennett
    Location:
    Iceland, United Kingdom
    Firm:
    Ashfords LLP
    Third Parties (Rights Against Insurers) Act 2010 - Claiming against insolvent defendants
    2016-11-28

    After much delay, the Third Parties (Rights Against Insurers) Act 2010 (the 2010 Act) came into force on 1 August 2016. The 2010 Act aims to assist parties wishing to claim against insolvent companies and individuals who supply professional services by allowing them to claim directly against their insurers.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Insurance, Litigation, Ashfords LLP
    Authors:
    Stephen Homer , Stuart Willis
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    South West hospitality businesses at risk while agriculture goes from strength to strength
    2016-02-24

    Over a third of South West pubs (33%) and restaurants (38.4%) are at heightened risk of insolvency in the next 12 months, according to research by R3, the insolvency trade body.

    However, agricultural businesses in the South West have demonstrated increased strength since this time last year with 17% of business at risk, representing a 9.6% decrease in the proportion since February 2015.  

    Alan Bennett, Chair of R3 in the South West and Partner at Ashfords LLP, comments:

    Filed under:
    United Kingdom, Insolvency & Restructuring, Leisure & Tourism, Ashfords LLP
    Authors:
    Alan Bennett
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    SHB Realisations Limited (in Liquidation [2018] EWHC 402 (Ch)
    2018-09-28

    The Facts

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Ashfords LLP, High Court of Justice
    Authors:
    Connor Pierce
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    Re Mikhail Shlosberg (2018) - unreported
    2018-05-02

    The Court held that it had jurisdiction to order a Latvian bank to disclose information regarding a bankrupt's dealings. The Joint Trustees of the Bankrupt's estate had demonstrated that their request was reasonable and was required to identify further assets that the Bankrupt might hold.

    This decision is the latest that has been made in relation to the bankruptcy of Mr Shlosberg, a Russian businessman domiciled in London. Mr Shlosberg was made bankrupt in January 2015 on a judgment debt of US$195 million plus interest.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Ashfords LLP, Insolvency Act 1986 (UK)
    Authors:
    Adam Woodhouse , Alan Bennett
    Location:
    United Kingdom
    Firm:
    Ashfords LLP

    Pagination

    • First page « First
    • Previous page ‹‹
    • …
    • Page 1204
    • Page 1205
    • Page 1206
    • Page 1207
    • Current page 1208
    • Page 1209
    • Page 1210
    • Page 1211
    • Page 1212
    • …
    • Next page ››
    • Last page Last »
    Home

    Quick Links

    • US Law
    • Headlines
    • Firm Articles
    • Board Committee
    • Member Committee
    • Join
    • Contact Us

    Resources

    • ABI Committee Articles
    • ABI Journal Articles
    • Conferences & Webinars
    • Covid-19
    • Newsletters
    • Publications

    Regions

    • Africa
    • Asia Pacific
    • Europe
    • North Africa/Middle East
    • North America
    • South America

    © 2025 Global Insolvency, All Rights Reserved

    Joining the American Bankruptcy Institute as an international member will provide you with the following benefits at a discounted price:

    • Full access to the Global Insolvency website, containing the latest worldwide insolvency news, a variety of useful information on US Bankruptcy law including Chapter 15, thousands of articles from leading experts and conference materials.
    • The resources of the diverse community of United States bankruptcy professionals who share common business and educational goals.
    • A central resource for networking, as well as insolvency research and education (articles, newsletters, publications, ABI Journal articles, and access to recorded conference presentation and webinars).

    Join now or Try us out for 30 days