The government is consulting on a series of targeted amendments to the insolvency arrangements for insurers, which would enable the UK authorities to better manage insurer distress

Carillion’s liquidators have secured a £250m funding deal with Litigation Capital Management (LCM) to take KPMG to court for audit failures leading up to the collapse of the public sector outsourcer

The High Court in London has ruled against landlords seeking the repayment of fees against the nominees of a company voluntary arrangement (CVA) from hair salon group Regis UK

The UK lost an average of 22 restaurants per day over the last 13 months with 10% of venues in the UK failing to open their doors at the end of April according to the latest figures from CGA AlixPartners Market Recovery

The Insolvency Service has been given new powers to target company directors who dissolve their businesses and leave staff or taxpayers out of pocket

The fallout from the pandemic has put pressure on businesses but a range of government measures has offered much needed breathing space. But directors must remain alert to potential cash flow and risk issues, warns Benjamin Wiles, managing director, restructuring advisory at Kroll

Begbies Traynor has bought Midlands-based finance broker MAF Property, marking its fourth acquisition of the year

As part of its reorganisation due to audit reforms, KPMG has completed the sale of its UK restructuring practice, now known as Interpath Advisory, to H.I.G. Capital, LLC

The pandemic continues to hit retail as the vacancy rate of shops across the country has increased to 14.1%, the latest British Retail Consortium shop vacancy monitor has revealed

Tighter controls on the sale of companies in administration to connected parties are designed to strengthen the rules over pre-pack sales. Nicola Collins and Fatema Begum, restructuring senior associates at Mayer Brown, examine the new rules effective 30 April

Nearly three quarters of a million businesses are in ‘significant financial distress’, a 15% increase from 630,000 in Q4 2020, reveals the latest Begbies Traynor research for the first quarter (Q1) 2021

A side-effect of the Covid pandemic has been a global rethink around real estate and a reevaluation of the use of office space. Alex Jay, head of insolvency and asset recovery at Stewarts, looks at various scenarios for companies looking to restructure their office space