The Insolvency Service presents the results of its highly anticipated research into the treatment of landlords in CVAs, revealing that based on its...
The Reading List is a curation of recent UK insolvency-focused articles, plus some additional content. It is meant to complement our Monday emails that highlight recent insolvency filings/news. If you like what you read, consider forwarding it to spread the word. Not getting our emails regularly? Click here to subscribe!
Kate Stephenson of Kirkland & Ellis comments on the interim report released by the Insolvency Service on three permanent CIGA measures (restructuring plans, moratoriums and restrictions on ipso facto clauses), and summaries suggestions made in the report on how the measures could work even better - including by reforming legislation to make restructuring plans less costly - raising potential areas for future reforms in the medium-term, in UK Restructuring Measures: What Could Work Even Better?
Seán McGuinness of Addleshaw Goddard considers the implications of the recent case of Kelmanson v Gallagher & De Weyer - which dealt with the act of 'layering' payments through a corporate structure in a way designed to prefer the creditor of the original paying entity - on office-holder claims, concluding that a director consciously trying to evade or 'game' the statute cannot prevent office holder recovery, but a sincerely held but mistaken belief on the director's part as to what was being done could, in Disguising Preferences within Layered Corporate Group Arrangements.
Hayley Çapani, Andrew Bowden-Brown and Sam Tyfield of Shoosmiths provide a breakdown of how crypto, "the new asset on the block", is treated in an insolvency, and answer questions such as how insolvency practitioners work out who owns the crypto assets, whether they are part of the company's estate, or if they are held in trust, and for whom, in Keep calm and carry on - unpicking crypto relationships in any insolvency.
South Square is proud to announce the addition of top fraud silk, Aidan Casey QC, to its market-leading insolvency practice. Aidan has been a member of 3 Hare Court since 1994 and was made silk in 2016. He specialises in civil fraud, chancery commercial and insolvency, offshore and Privy Council, and general commercial dispute resolution. His expertise spans across both litigation and international arbitration, working with cases internationally and cross border, including a Russian case which the Moscow Times described as "rocking Russia's business community" and "the most high-profile business dispute of recent years". He is rated by The Legal 500 and Chambers and Partners as a leading silk in: Commercial Dispute Resolution, Offshore, and Civil Fraud. Read more.
Russell-Cooke Solicitors is delighted to announce the promotion of Thomas Bond, a member of the firm's insolvency and restructuring team, to partner. Thomas qualified as a solicitor in 2013 and joined the firm in January 2018. He acts for creditors, insolvency practitioners, company directors and those facing bankruptcy, dealing with all aspects of corporate and personal insolvency. Read more.
Scott Bebbington has joined BDO as a Manager. Scott brings ten years of experience to the position, having formerly worked as an Insolvency Administrator with PKF-Francis Clark. Read more.
Charlotte Vipond has joined PwC in London as a Senior Manager in the firm's Business Restructuring Services group, with a focus on contentious assignments involving fraud, litigation, asset tracing and recovery. Charlotte was previously with Begbies Traynor.
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