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

The government’s new legislation and amendments to pre-pack Statements of Insolvency Practice (SIPs) will come into effect at the end of April 

The collapsed fashion retailer Peacocks has been saved from administration after a buyout from a senior executive and with backing from an international investment consortium

Football Index, the online gambling platform, has gone into receivership with the appointment of administrators from Begbies Traynor

High street camera shop Jessops has filed for administration and is considering a company voluntary arrangement (CVA)

This was a large case brought by the joint liquidators of One Blackfriars Ltd against two partners of BDO who acted as that company’s former administrators, one of whom has since died - with around £250m being claimed

The government has extended measures in the Corporate Insolvency and Governance Act to protect businesses during the pandemic for a further two months

Thorntons has announced plans to shut all its high street retail stores citing difficult trading circumstances due to the ongoing pandemic

The government has launched a consultation seeking stakeholders’ views on the insolvency rules that set out the detailed requirements for company and individual insolvency procedures in England and Wales to improve their effectiveness

Greensill Capital, the major backer of Sanjeev Gupta’s GFG Alliance steel operation in the UK, has gone into administration under ‘severe financial distress’ as funds are withdrawn

Fortus Business Advisors & Accountants has launched a dedicated recovery and insolvency business, Fortus Recovery, after merger with HJS Recovery

KPMG has sold its UK restructuring business to investment firm H.I.G Capital with partners and staff set to join the firm