Obscuring crypto assets; Strong demand for new restructuring tools?
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!
The team at Lathan & Watkins reports that the restructuring market’s appetite for Part 26 schemes of arrangement and Part 26A restructuring plans shows no signs of diminishing despite concerns around Brexit turbulence and predicts that the mature jurisprudence coupled with the new power to cram-down will ensure that the English scheme and plan will remain the preferred restructuring tools of choice for many larger debtors in Schemes and Restructuring Plans: Where Are We Now?
JonBramwell of Grant Thornton reports that ESG credentials are starting to factor into lenders' credit risk assessments for mid-market firms and warns that companies without an ESG roadmap in place may not enjoy the same access to capital in five years in ESG lending: momentum is building for the mid-market.
The team at CMS highlight what we don't yet know about crypto assets in the context of restructuring and insolvency, including how insolvency law would be applied to uncooperative decentralised exchanges and how to track down crypto assets that become muddled and obscured using tools such as Tornado Cash in A CMS Guide to Restructuring & Insolvency in Crypto, May 2022.
FRP has promoted 66 employees across its office network, including three director promotions in the firm's Restructuring Advisory practice: DavidBonner in Manchester, GrahamSmith in Aberdeen and BhuvneshMajupuria in Teesside. Read more.
Jason Ainge has been promoted to partner at BegbiesTraynor in its Leeds office. Jason specialises in contentious insolvency work involving an element of fraud, asset tracing, forensic investigations and litigation recovery actions for creditors, including HMRC. Read more.
LukeHoare has joined GrantThornton as an Associate Director in London. Luke was previously with ReSolve Advisory.
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LevitateRecruitment is currently working on behalf of a range of Accountancy Practices and Insolvency Specialists across the UK and Overseas looking to add to their Insolvency & Restructuring teams. Further details.