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UK restructuring and insolvency weekly, 1 May 2025: restructuring plan sanctions, FCA guidance for insolvency practitioners, insolvency stats, s423 success, BBL fraud disqualifications, BoE resolution update, upcoming sanctions reporting duties

Published on: 01 May 2025

Published by a LexisNexis Restructuring & Insolvency expert
Legal News
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Article summary

In this issue:

  • Key R&I law developments
  • Restructuring
  • Personal insolvency
  • Directors and insolvency
  • Insolvency litigation
  • Financial institutions
  • Daily and weekly news alerts
  • Key dates for restructuring and insolvency professionals

Key R&I law developments

R3 announces appointment of new president to lead insolvency and restructuring body

The Association of Business Recovery Professionals (R3) has named Tom Russell, a licensed insolvency practitioner and director at James Cowper Kreston, as its next president. His tenure begins as the government prepares reviews of insolvency regulation and the personal insolvency framework. His priorities include growing membership, harnessing technology, strengthening stakeholder engagement, showcasing the profession’s value, and supporting career progression, all against mounting economic headwinds for UK businesses and consumers. See: LNB News 29/04/2025 30.

FCA updates guidance for insolvency practitioners on approach to insolvencies of regulated firms

The FCA has refreshed its non-Handbook guidance for IPs on handling insolvencies of regulated firms. Finalised guidance FG25/2 follows the March 2024 consultation GC24/1 and is designed to assist IPs in complying with the FCA’s rules and guidance, and relevant legislation, to secure improved outcomes for consumers and market participants when a regulated firm fails. See: LNB News 28/04/2025 32...

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