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In this issue: Corporate insolvency processes Personal insolvency Document review Restructuring Directors and insolvency Insolvency litigation The office-holder Insurance and insolvency International restructuring and insolvency Daily and weekly news alerts Key dates for restructuring and insolvency professionals New content Corporate insolvency processes Corporate resurrection—from liquidation to rescue (via administration)—Re Mannarest Ltd In Re Mannarest Ltd, the High Court exercised its power under paragraph 38 of Schedule B1 to the Insolvency Act 1986 (IA 1986) to move a company from liquidation into administration to enable its eventual rescue. The proposal provided for payment of all creditor claims and liquidation costs—other than one postponed creditor—so the company could keep an asset intended for development and sale. So far as is known, this is the first reported decision on IA 1986, Sch B1, para 38. See News Analysis: Corporate resurrection—from liquidation to rescue (via administration)—Re Mannarest Ltd, by Govinder Chambay, barrister at...

This Practice Note outlines the legal and practical considerations relevant to digital rights management (DRM), and examines how far technical tools and other safeguards can be deployed by rights holders to protect and administer their digital works lawfully and effectively in practice. It also sets out the categories of offences that may arise where technological protection measures are bypassed or where rights management information is abused in any context. What is digital rights management? DRM describes the technical mechanisms used by copyright owners of digital material to label, monitor and secure their assets. These controls are applied to block unauthorised copying, for instance by using encryption, ensuring that only approved software and permitted users can open a given digital file where appropriate. DRM also serves to identify content and to manage its distribution to consumers, eg by tracking how often a work is accessed for the purpose of calculating the royalties payable lawfully, or to support business models such as online music subscription services. For example, the video...

STOP PRESS: On 29 July 2024, a significant overhaul of the UK listing framework took effect, which included scrapping the premium and standard segments and establishing a single listing category for equity shares in commercial companies. This commercial companies category is heavily disclosure-led and sits alongside other listing categories, such as the shell companies, secondary listing and closed ended investment fund categories. A new UK Listing Rules sourcebook came into force to implement these changes, and the previous Listing Rules sourcebook was revoked. For further information, see Practice Note: Reform of the UK listing regime—fundamentals. This Practice Note reflects the listing regime prior to 29 July 2024. It relates to the admission of depositary receipts, commonly referred to as global depositary receipts (GDRs), to listing on the Official List of the Financial Conduct Authority (FCA) and to trading on the main market for listed securities of the London Stock Exchange (Main Market) (LSE). GDRs are transferable certificates issued by depositary banks that represent ownership of a specified number of...

CASE HUB ARCHIVED This archived case hub records the position as at the decision date of 20 September 2016; it is no longer maintained. See the timeline and commentary for further detail. Case facts Outline European Commission Article 102 TFEU investigation concerning Altstoff Recycling Austria (case number AT.39759). Latest development On 15 October 2016, the Commission adopted its infringement decision. ARA was fined €6,015,000. The figure includes a 30% reduction for ARA’s cooperation, comprising: acknowledging the infringement ensuring the decision benefited from administrative efficiencies proposing the structural remedy (see below) The Commission also required a structural remedy to tackle the foreclosure concern, under which ARA will divest the portion of household collection infrastructure it owns. Proposed by ARA, this measure ensures ARA will no longer be in a position to block competitors’ access to that infrastructure, preventing any recurrence of the infringement. Parties Altstoff Recycling Austria (ARA), an Austrian waste management company. Background...

[ insert company name ] [ LIMITED OR PLC ] (the Company) Form of proxy—annual general meeting Please read the explanatory notes before filling in this form. I/We, Name of shareholder(s) (for joint holdings, list all joint holders) ...................................................................... ......................................................................, being a member/members of the Company, hereby appoint Name of proxy .................................................................................................................................................. (use block capitals) Tick this box if this proxy appointment is one of multiple appointments. For appointing more than one proxy, please see explanatory note 3 below. Number of shares to which this proxy applies ................................................. Leave blank if appointing a single proxy for all your shares or, if no proxy is named above, the chair of the meeting, as my/our proxy to exercise any or all of my/our rights to attend and speak for me/us and on my/our behalf [ , whether in person or remotely via electronic means, ] at the annual general meeting of the Company (the AGM) to be held at [ insert time ] on [...

[ insert company name ] PLC (the Company) Form of proxy—annual general meeting Before completing this form please read the explanatory notes. I/We, Name of shareholder(s) [ insert name(s) ]. Where shares are held jointly, ensure the names of every joint holder are included. [ insert any investor code ] being a member/members of the Company, hereby appoint: Name of proxy ................................................................................................................................ (please complete in block capitals) Tick this box if this proxy appointment is one of multiple appointments .................. For appointing more than one proxy, see note 3. Number of shares to which this proxy applies ........................................................................................................ Leave this blank if appointing a single proxy for all your shares or, where no individual is named as proxy, the chair of the meeting will act. to act as my/our proxy and to exercise any or all of my/our rights to attend and speak for me/us and on my/our behalf [ , whether in person or remotely via electronic means,...

Company number: [ insert number ] [ insert company name ] [ LIMITED OR PLC ] (the Company) Form of proxy for general meeting Please review the explanatory notes before completing this form. I/We, Name of shareholder(s) ...................................................................... ...................................................................... Where shares are held jointly, the names of all joint holders must be stated, being a member/members of the Company, appoint Name of proxy .................................................................................................................................................. (please complete in block capitals) Tick this box if this proxy instruction is one of multiple appointments .................. For the appointment of more than one proxy, please refer to note 3 below. Number of Shares to which this proxy relates .................. ...

Part I of the Leasehold Reform, Housing and Urban Development Act 1993 (LRHUDA 1993) Part I of the LRHUDA 1993 provides qualifying tenants of flats with two principal rights: a collective right to acquire the freehold of the block (collective enfranchisement) where the flats are in premises that satisfy specified conditions an individual right to a new lease that runs for 90 years after the existing lease comes to an end The right to collective enfranchisement only arises if a number of requirements are met. These relate to the nature of the building, the terms of the leases and the status of the tenants...