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UK restructuring and insolvency: sanctions, enforcement data, key cases, schemes, litigation funding and Scotland update—week ending 15 August 2024

Published on: 15 August 2024

Published by a LexisNexis Restructuring & Insolvency expert
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Restructuring & Insolvency weekly highlights—15 August 2024

In this issue: Key R&I law developments; Corporate insolvency processes; Personal insolvency; Restructuring; Insolvency litigation; R&I in Scotland; Daily and weekly news alerts.

Key R&I law developments

  • The Insolvency Service has updated its enforcement outcomes management information for July 2024. The figures record 96 director disqualifications, alongside 13 bankruptcy and debt relief restrictions secured by the Service (see LNB News 09/08/2024 14).
  • The Office of Financial Sanctions Implementation has issued General Licence INT/2024/5028385 under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019. It permits payments and other allowed activities linked to the insolvency proceedings of EastWest United Bank. The licence is effective from 9 August 2024 and expires at 11:59 pm on 8 August 2029 (see LNB News 09/08/2024 35).

Corporate insolvency processes

Bland v Keegan: the Court of Appeal considered a matter where respondent liquidators were appointed following the wrongful transfer of shares to a member who purportedly exercised their...

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