Insolvency

Insight / Covid-19: Airline Insolvency Review needs sustainable focus

With the coronavirus pandemic hitting an already financially troubled airline industry, CVR Global insolvency expert Ian Defty explains why he thinks the delay in implementing last year’s Airline Insolvency Review will allow a longer-term sustainable focus

Insight / Alvarez & Marsal administrators to ailing NMC healthcare group

Troubled FTSE 100 healthcare company NMC, which suspended trading in its shares following the discovery of accounting irregularities earlier this year, has gone into administration following action by a major creditor, which has also brought a criminal legal challenge

Insight / Fashion groups Oasis and Warehouse go into administration

High street fashion chains Oasis and Warehouse have become the latest retail casualties during the coronavirus crisis, appointing Deloitte to handle the group’s administration, which has seen 200 redundancies and 1,800 employees furloughed

Accounting / Covid-19: Post Office delays Horizon ‘fraud’ compensation

The Post Office is delaying by at least six weeks the planned launch of a scheme offering compensation to hundreds of current and former subpostmasters who faced false accusations of fraud related to its Horizon branch accounting system, blaming covid-19 fallout

Insight / Fine dining group run by celebrity chef Mark Hix enters administration

Deloitte has been appointed as administrator to a string of restaurants owned by celebrity chef Mark Hix, which have become the latest fine dining casualties of the coronavirus crisis

Insight / Tips and advice: directors’ duties and responsibilities in the age of covid-19

An emergency framework of laws and vague regulations related to the coronavirus pandemic, coupled with an unprecedented cashflow crisis, has left businesses reeling. Michael Fiddy and Amy Jacks, partners in the restructuring team at Mayer Brown, outline the key fiduciary and moral directors’ duties

Insight / Debenhams in second administration in a year

Department store Debenhams is heading into administration for the second time in a year, in a bid to stave off a collapse into liquidation and in the hopes that it will be able to resume trading from its high street shops once the coronavirus control measures are lifted

Insight / Rent-to-own and cash loan chain Brighthouse collapses

Rent-to-own high street chain and cash lender BrightHouse has gone into administration putting 2,400 jobs at risk as attempts to turnaround the business failed following impact of tougher FCA rules as a result of the high cost credit review

Insight / Administration on menu at Carluccio’s

Italian high street restaurant chain Carluccio's has gone into administration, putting some 2,000 jobs at risk

Insight / Pre-insolvency proceedings: tips and advice

In part two of our administration series, Hasib Howlader, director of Hudson Weir, explains key steps to take if insolvency threatens from administration to a company voluntary arrangement 

Insight / Covid-19: insolvency rules relaxed

The government has announced changes to the insolvency regulations during the coronavirus pandemic to enable UK companies undergoing a rescue or restructure process to continue trading, with the aim of giving them breathing space

Insight / Covid-19: IoD calls for insolvency emergency measures

The Institute of Directors (IoD) is calling for emergency insolvency measures to prevent widespread company collapses as the current pandemic takes hold

Insight / PwC called in to Laura Ashley administration

PwC is handling the administration of lifestyle brand Laura Ashley, which has collapsed putting hundreds of jobs at risk, after the outbreak of coronavirus further weakened its financial position

Insight / Travelex owner moves towards insolvency

Finablr, the FTSE 250 listed owner of foreign exchange firm Travelex, is in discussions with an unnamed accounting firm with a view to going into insolvency 

Insight / Laura Ashley teetering on administration

Listed furnishings and interiors retailer Laura Ashley is set to file for administration blaming the escalating covid-19 outbreak as the last straw for the struggling chain
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