RECENT ARTICLES

• Jon Rees And Mohammad Abbas Taqi of S&P Global warn that large-scale litigation between banks and the government could follow if the government refuses to honour the conditions of bounce back loans - 100% government guaranteed, self-certified, no requirement for credit checks and no interest payments for a year - in Banks, UK government set for showdown over COVID-19 loan guarantees.

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  Helen Martin of Stevens & Bolton shares that while Amigo's innovative approach hedges the risk of the "new business scheme" against its backup "wind-down scheme," it can add a layer of intricacy to to an already complex project, potentially leaving financially unsophisticated Redress Creditors struggling to understand what they need to do in Two schemes for the price of one? Court grants leave to convene in relation to Amigo Loans' new scheme proposals. 

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  Jessica Williams of Charles Russell Speechlys reviews Re Premier FX Limited, a decision that serves as a reminder that creditors who do not file their proof of debt as required by the liquidators, even if the failure was a simple mistake, may lose their chance to claim a dividend in the liquidation in The importance of being earnest: file your proof of debt on time.

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  Frank Bouette at Shakespeare Martineau notes that the the decision in the long running case of R (on the application of Palmer) v Northern Derbyshire Magistrates’ Court [2021] EWHC 3013  puts administrators in an insidious conflict between their duty to act in the best interests of the creditors and ensuring they do not put themselves at risk of criminal prosecution and shares practical advice on how insolvency practitioners should handle redundancies pending the outcome of the Magistrates case in Administrators and redundancy – is it about to get messy?

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