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    While wrongful trading sleeps remember fortune favours the prepared
    2021-01-15

    Present Position

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Weightmans LLP, Coronavirus, HM Revenue and Customs (UK)
    Authors:
    Sumaira Choudary
    Location:
    United Kingdom
    Firm:
    Weightmans LLP
    Commercial rent arrears and Covid-19: forfeiture, winding-up petitions and the use of CRAR
    2021-01-15

    Throughout the current pandemic, there have been remedies available to commercial landlords in relation to unpaid rent arrears and other tenant breaches - though the introduction of the Corporate Insolvency and Governance Act 2020 had a significant impact on

    Filed under:
    United Kingdom, Insolvency & Restructuring, Real Estate, Penningtons Manches Cooper LLP, Coronavirus
    Authors:
    John Morrison , Kerra Jelbert
    Location:
    United Kingdom
    Firm:
    Penningtons Manches Cooper LLP
    Succession to Exclusive Jurisdiction Clauses, and the fine line between Commercial and Insolvency Proceedings - ING Bank v Banco Santander
    2021-01-15

    In ING Bank N.V. & Anor v.

    Filed under:
    Belgium, European Union, United Kingdom, Banking, Derivatives, Insolvency & Restructuring, Litigation, Public, Mishcon de Reya LLP, Brexit
    Authors:
    Olivia Wybraniec , Derval Walsh
    Location:
    Belgium, European Union, United Kingdom
    Firm:
    Mishcon de Reya LLP
    Law Commission consults on draft Bill to modernize the rules on ownership of goods under sales contracts
    2021-01-15

    What are the proposed changes to rules on transfer of ownership?

    The key takeaway

    The Law Commission’s proposed changes are likely to improve consumers’ odds of owning goods bought online in the event of retailer insolvency, even before they have left the retailer’s possession.

    The background

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, RPC, Coronavirus
    Authors:
    Oliver Bray
    Location:
    United Kingdom
    Firm:
    RPC
    Explore other chapters from the 2021 edition
    2021-01-13

    In this chapter of our Annual Insurance Review 2021, we look at the main developments in 2020 and expected issues in 2021 for D&O.

    Key developments in 2020

    For D&O insurers, 2020 was all about the hardening market – with rates doubling in some cases and limits contracting – and the underlying causes of that.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Insurance, RPC, Coronavirus
    Authors:
    Ben Gold , Krista Murray
    Location:
    United Kingdom
    Firm:
    RPC
    European Restructuring and Distressed Trends: What just happened? What lies ahead?
    2021-01-13

    2020: ENGLISH INSOLVENCY LAW REFORM

    The Corporate Insolvency and Governance Act (CIGA), which came into force on 26 June 2020, introduced the most significant changes to English insolvency law in a generation. It introduced three permanent changes and implemented temporary measures to support businesses affected by the COVID-19 pandemic.

    Filed under:
    European Union, United Kingdom, Insolvency & Restructuring, Ropes & Gray LLP
    Location:
    European Union, United Kingdom
    Firm:
    Ropes & Gray LLP
    Pensions in Restructuring Survey Report
    2021-01-14

    Pensions in Restructuring Survey Report

    January 2021

    2020 might provide answers to many political and economic issues, but it is not possible to see with perfect vision what the future holds for pensions in restructuring matters.

    That was part of the conclusion to the

    report on Taylor Wessing's previous

    Pensions in Restructuring Survey; with

    hindsight, 2020 brought few answers

    and posed many questions.

    Pensions In Restructuring Survey Report

    Welcome to the results of Taylor Wessing's fifth annual Pensions in Restructuring Survey

    Filed under:
    United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Public, Taylor Wessing, Brexit, Coronavirus
    Location:
    United Kingdom
    Firm:
    Taylor Wessing
    Company law and private M&A: Case law round-up 2020
    2021-01-14
    1. COVID-19
    2. Capital maintenance
    3. Shareh
    Filed under:
    United Kingdom, Company & Commercial, Corporate Finance/M&A, Employment & Labor, Insolvency & Restructuring, Litigation, Tax, Travers Smith LLP, Employee Retirement Income Security Act 1974 (USA), Coronavirus, HM Revenue and Customs (UK)
    Authors:
    Carys Clipper , Sarah Lauder
    Location:
    United Kingdom
    Firm:
    Travers Smith LLP
    Ouch, it’s a hard Brexit for UK restructuring & insolvency; but life goes on
    2021-01-11

    At 11pm on 31 December 2020, the UK-EU Trade and Cooperation Agreement (TCA) came into effect implementing the UK’s exit from the single market. The TCA covers some important things in great detail and some things more scantly. Unfortunately for insolvency practitioners, it is largely silent on almost all issues relating to insolvency, meaning that, despite not technically having a ‘no-deal’ Brexit, for insolvency practitioners it may certainly feel that way.

    Recognition of insolvency proceedings

    Filed under:
    European Union, United Kingdom, Insolvency & Restructuring, Public, Trade & Customs, Freshfields Bruckhaus Deringer, Brexit
    Authors:
    Katharina Crinson , Nicholas Cooper
    Location:
    European Union, United Kingdom
    Firm:
    Freshfields Bruckhaus Deringer
    Restructuring and insolvency
    2021-01-12

    In this chapter of our Annual Insurance Review 2021, we look at the main developments in 2020 and expected issues in 2021 for restructuring and insolvency.

    Key developments in 2020

    The Corporate Insolvency and Governance Act 2020 came into force on 26 June 2020. The changes introduced by that Act were some of the most significant made to English insolvency law for decades.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Insurance, RPC, Coronavirus
    Authors:
    Finella Fogarty , Paul Bagon
    Location:
    United Kingdom
    Firm:
    RPC

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