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News

"Send it back!" – Wolseley restaurant lender’s attempt to terminate moratorium rebuffed

The latest battle between the Corbin & King Group, owner of a number of restaurants including the Wolseley, and its lender provides important clarity on when a moratorium should be ...

News

No company? No problem: disqualification of unfit directors possible despite company dissolution

Company directors who act in breach of their statutory and fiduciary duties can face disqualification for up to 15 years pursuant to the Company Directors Disqualification Act 1986 (CDDA)....

News

Another first: out of the money creditors excluded from voting on Smile Telecoms’ restructuring plan

Smile Telecoms, which last year implemented the first restructuring plan for a cross-border African business, has now achieved another first by using section 901C(4) of the Companies Act...

News

The final piece in the jigsaw – the new binding arbitration process for landlords and tenants

As foreshadowed in its announcement on 16 June 2021, the UK Government has issued the Commercial Rent (Coronavirus) Bill establishing a binding arbitration procedure to resolve disputes...

Insights

The Pension Regulator's new powers: what lenders need to know

The Pension Schemes Act 2021 (the Act) gives tPR significant new powers to intervene where the security of defined benefit (DB) pensions may be at risk. These new powers include an...

News

Black Swan or new dawn: Why supply chain management is more important than ever

Supply chains are increasingly vulnerable to a range of risks. In recent years businesses have focussed upon streamlining their supply base to minimise costs. They have sought to reduce...

News

Winding up restrictions not quite wound up

The UK Government yesterday announced that it will proceed with the phasing out of temporary measures introduced to protect businesses from creditor action during the COVID-19 pandemic,...

News

UK parking nightmare – what is happening with NCP’s restructuring plan?

National Car Parks' proposed restructuring plan aimed to write-off arrears, cut rents and close unwanted sites but why did the plan stall?

News

Moratorium on winding up orders extended to September 2021 – and what of arrears?

The restrictions on filing statutory demands and winding up petitions has been extended (again) until the end of September 2021. At the same time, the moratorium on landlords evicting...

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