Insolvency

Coronavirus

Insight | Stricter scrutiny on administration sales to connected parties

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

29 Apr 2021

Insight | Nearly three quarters of a million companies in financial distress

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

22 Apr 2021

Insight | Restructuring office space post-pandemic

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

20 Apr 2021

Insight | Change to rules on pre-pack sales to connected parties

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

15 Apr 2021

Insight | Fashion retailer Peacocks rescued from administration

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

6 Apr 2021

Insight | Begbies Traynor appointed as Football Index administrators

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

29 Mar 2021

Insight | Camera retailer Jessops files for administration

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

26 Mar 2021

Insight | Court dismisses claims against BDO in One Blackfriars Case

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

25 Mar 2021

Practice & Industry

Insight | Covid-19 insolvency measures extended to end June

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

25 Mar 2021

Insight | Chocolate shop chain Thorntons to shut all stores

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

16 Mar 2021

Insight | Government consults on reform of insolvency rules

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

16 Mar 2021

Insight | Grant Thornton appointed to Greensill Capital administration

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

9 Mar 2021