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Impact of Brexit on applicable law in cross-border insolvencies
From 31 December 2020, the European Regulation on Insolvency Proceedings (the “EIR”) ceased to apply in the UK. As a result: The EIR provides the rules …
Global Restructuring - Predictions for 2021
Our recent article for Global Restructuring Review sizes up the key drivers in what promises to be an unpredictable yearFirst published in Global …
Cross-border insolvencies in the UK and EU – A post-Brexit guide
With the UK losing access to mutual recognition of proceedings in the EU, we explore the far-reaching implications for the insolvency sector. Insolvency …
Proposals by the Indian Ministry of Corporate Affairs for a new Prepackaged Insolvency Resolution Process
Background and purpose of the proposals On 8th January proposals for a new ‘Prepackaged Insolvency Resolution Process’ ("PIRP") were issued by the …
Beyond Brexit Legal Guide 2021
The UK formally left the EU on 31 January 2020 and the transition period ended on 31 December 2020. The UK and EU trade relationship is now governed by …
Governance: CORPORATE INSOLVENCY AND GOVERNANCE ACT 2020 - SOUNDBITE SERIES (UK)
Welcome to our soundbite series on the new Corporate Insolvency and Governance Act 2020 which came into effect on 26 June 2020. The provisions of the …
GOVERNANCE - Wasted Breath? Insolvency Reforms in Response to COVID-19 (UK)
This article first appeared in Volume 17, Issue 4 of International Corporate Rescue and is reprinted with the permission of Chase Cambria Publishing.On …
UK Supreme Court clarifies availability of construction adjudication regime in insolvency
In what is likely to be one of this year’s landmark insolvency decisions, the Supreme Court in Bresco v Lonsdale has considered the interaction between …
Governance: Changes to UK insolvency law could impact secured and unsecured bank debt (UK)
Update; The Corporate Insolvency and Governance Act 2020 commenced into effect on 26 June 2020. While the final provisions of the Act largely reflected …
Governance: Changes to UK insolvency law could significantly reduce landlords’ recoveries in an insolvency process (UK)
Update; The Corporate Insolvency and Governance Act 2020 commenced into effect on 26 June 2020. While the final provisions of the Act largely reflected …
Governance: Corporate Insolvency and Governance Bill: impact on supply chains and their customers (UK)
Update; The Corporate Insolvency and Governance Act 2020 commenced into effect on 26 June 2020. While the final provisions of the Act largely reflected …
Herbert Smith Freehills reacts to UK Government's publication of Corporate Insolvency and Governance Bill
Responding to news that the Government has published draft legislation designed to temporarily suspend wrongful trading provisions, John Whiteoak, a …
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