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UK Restructuring & Insolvency Weekly Update: key cases (Adler; Bouchier v Booth), cross-border winding-up, enforcement data, Companies House/ECCTA changes, HMT small bank resolution consultation—15 February 2024

Published on: 15 February 2024

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

In this issue:

  • Key R&I law developments
  • Restructuring
  • Insolvency litigation
  • Corporate insolvency processes
  • Directors and insolvency
  • R&I in Scotland
  • Daily and weekly news alerts
  • Key dates for R&I professionals

Key R&I law developments

Insolvency Service publishes January 2024 enforcement outcomes management information

The Insolvency Service has updated its enforcement outcomes management information tables with January 2024 data. The figures show 111 director disqualifications and 12 bankruptcy and debt relief order restrictions that month, following enforcement by the Insolvency Service. See: LNB News 12/02/2024 32.

Restructuring Adler appeal—restructuring plan sanction order overturned (Re AGPS Bondco plc)

This decision concerns a successful appeal against a sanctioned restructuring plan. A German property group proposed a plan to allow an orderly wind-down (the Plan). The sanction hearing saw the first fully contested valuation challenge under the plan jurisdiction and invoked cross-class cram down under Part 26A of the Companies Act 2006 (CA 2006). The Court of Appeal overturned the sanction, chiefly because the Plan failed to respect the pari passu principle...

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