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!
  • Tim Symes and Ryan Hooton of Stewarts examine the link between the recent insolvencies of three major airlines and the environmental fines they were facing, arguing that a director who conducts business with flagrant disregard for the company's stated ESG commitments could be considered as acting with the intent to deceive and defraud creditors and customers in Could directors of insolvent companies become personally liable for ESG breaches?
  • Finella Fogarty of RPG compares the use of a restructuring plan to a CVA in a retail setting and notes that, despite increasing inflation and energy costs, some retailers are doing incredibly well in Disputes Yearbook 2022: Retail and Restructuring.

  • John Alderton, Russ Hill, Devinder Singh and Mark Prior of Squire Patton Boggs report that the Insolvency Service has acknowledged the unwelcome implications of the recent Manolete Partners Plc v Hayward and Barrett Holdings decision and vowed to evaluate the position with a view to potentially amending the scope of insolvency applications, though no time scale has been provided in How Might the First Review of the Insolvency (England and Wales) Rules 2016 Impact Mid-market Insolvencies?
  • Tim Carter of Stevens & Bolton shares that the Court of Appeal has provided much needed clarity in Re Ipagoo on the status of e-money holders, confirming that the Electronic Money Regulations 2011 do not impose a statutory trust on funds received from e-money holders and further that such holders still enjoy priority status in their e-money creditor claims even if their funds have not been duly segregated from the general pool of assets as required in No Statutory Trust in Favour of E-Money Holders - Court of Appeal

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  • Kristina Kicks of Interpath Advisory has been announced as the new co-chair of IWIRC London, joining Katharina Crinson of Freshfields. Kris has been involved in the London IWIRC Network since it was established in April 2018, first as Co-Chair of the Sponsorship Committee and then as Co-Treasurer. Kris has provided valuable contribution to the growth of the IWIRC London Network and its goal of connection, promotion and success of women in the restructuring and insolvency profession worldwide. Thiveni Samaraweera of AlixPartners is the outgoing co-chair. Read more.
  • Stephenson Harwood LLP has promoted ten lawyers to its partnership, including Nick Axup of the firm's restructuring and insolvency team in London. Read more.
  • Magdalena Wegrzyn has qualified as a solicitor and is joining the insolvency team of Isadore Goldman in London, working with Kevin Mitchell and Nick Oliver. Read more.
  • Shakespeare Martineau has announced 25 promotions, including Nicola Holton of the firm's Corporate Restructuring & Insolvency practice. Read more.
  • Altrincham-based law firm Myerson Solicitors has recruited Richard Wolff to spearhead the firm's Insolvency & Restructuring team. Richard was previously a partner at Pannone Corporate LLP. Read more.

  • Asset Reality, Grant Thornton UK LLP, Outer Temple Chambers, Rahman Ravelli and Sandton Capital are collaborating to help victims of crypto-related fraud overcome access to justice hurdles. Under the new collaboration, a triage system has been established for the initial assessment of claims, with investigatory and corporate intelligence expertise then deployed to contextualise claims for legal assessment. Meritorious claims will be assessed and financed on a portfolio basis by Sandton Capital which has dedicated £50m for crypto-related litigation. Read more.

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The Insolvency Insider Team

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