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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!

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Before jumping into this morning's email, a quick word of thanks to all those that reached out earlier this week regarding our announcement. I got flooded with responses and haven't been able to respond to each email yet, but I have everyone's details and will provide further information when we're ready to launch in about a month!

If you missed the email, we're going to be offering trackers for restructuring plans / moratoriums / administrations / CVAs / CVLs, etc, along with new monthly insights and interviews - details here. If you're interested in taking a look, click here to reply and we'll share the details with you when the service is ready.

Have a great weekend, all!

HENRY LOUIS | EDITOR | INSOLVENCY INSIDER UK
Your Weekly Update on Insolvency Filings and News
editor@insolvency-insider.co.uk | www.insolvency-insider.co.uk
 

RECENT ARTICLES
  • The Insolvency Service presents an interim report on how the three permanent CIGA measures (restructuring plans, moratoriums and the restriction on ipso facto clauses) are faring in the insolvency market, noting that while the restructuring plan is meeting policy objectives, it is still seen by many as too costly and time-consuming for use by all sizes of company, with the costs in the mid-market estimated to be between £1m and £2m in Corporate Insolvency and Governance Act 2020 - Interim report March 2022.
  • The team at Katten notes that the use of an English Scheme of Arrangement by Malaysia Airline's  subsidiary to compromise its aircraft lease obligations proved that Chapter 11 is not the only route to a globally recognised compromise of airline leases and explains why an English process is an attractive solution in Aircraft Lessors Should Prepare for UK Restructuring Processes.
  • Oliver Macrae and Orlaith Mallen of Burges Salmon summarise a recent case that sets out the court's approach to enforcing adjudication decisions where the enforcing party is subject to a form of insolvency event in Case Report - FTH Limited v Varis Developments Limited.
  • Louise Jennings and Kate Hamblin of Taylor Wessing share their takeaways from the High Court's recent sanctioning of the restructuring plan of ED&F Holdings Ltd, noting that directors are normally in the best position to identify the required relevant alternative if the plan is not sanctioned, and their view should only be challenged by the court if it does not reflect a rational and considered view in UK court crams down dissenting creditor and sanctions ED&F Holdings Ltd's restructuring plan

  • Have an article to share? Email us.
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RECENT MOVES, PROMOTIONS, AWARDS AND FIRM NEWS
  • Shakespeare Martineau had launched 'InSolvLit', a new litigation funding solution for clients in the firm's insolvency practice. The firm will review claims without charge and, where claims have merit, legal fees will be recovered only if the claims are successful and when sufficient funds have been realised. Similar to its 'FeeManage' service, Shakespeare Martineau will offer a range of litigation funding options, including no-win no-fee arrangements, and will work with a variety of leading insolvency litigation funders. Read more.
  • Insolvency litigator Alexia Savar has joined the Corporate Recoveries and Insolvency group of Primas Law, based in Manchester. Alexia was previously with Bailoran Solicitors. She acts for insolvency practitioners and directors with particular expertise in contentious matters including director disqualification proceedings. Read more.

  • FRP has expanded its Southampton team with a double appointment. James Prior has joined the firm as a Restructuring Advisory Director, while Liam Burrows has joined as an Insolvency Manager. James was previously with Grant Thornton and Liam was previously with Begbies Traynor. Read more.

  • Dan Smith has joined the commercial litigation practice of Stephenson Harwood LLP in London. Smith's practice primarily focuses on large and complex international banking and finance litigation. He advises financial institutions and corporates on high-stakes commercial disputes and investigations, particularly in the areas of investment banking, insolvencies, and bribery and corruption. He joins the firm from Latham & Watkins, and brings almost 25 years of private practice experience. Read more.

  • Share your news with the broader restructuring community! Email us!

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OPEN POSITIONS Have a great weekend!

The Insolvency Insider Team
 
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