Powered by Lexis+®
Jurisdiction(s):
United Kingdom

UK restructuring and insolvency update: March insolvency stats, Hague Judgments Convention, misfeasance and scheme cases, director sanctions, Dear IP updates—2 May 2024

Published on: 02 May 2024

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

In this issue:

  • Key R&I law developments
  • Insolvency litigation
  • International restructuring and insolvency
  • Corporate insolvency processes
  • Restructuring
  • Directors and insolvency
  • The office-holder
  • Daily and weekly news alerts
  • Corporate Rescue and Insolvency (April 2024 edition)
  • New Q&A

Key R&I law developments

The Insolvency Service has released its March 2024 monthly figures for company and individual insolvencies. There were 1,815 registered corporate insolvencies, 17% down on March 2023, yet still above levels seen during the coronavirus (COVID-19) period and across 2014–2019. Personal insolvencies totalled 8,708, representing a 9% decrease from March 2023. See: LNB News 26/04/2024 64.

Recognition and Enforcement of Judgments (2019 Hague Convention etc.) Regulations 2024 SI 2024/Draft: amendments have been laid to the Civil Jurisdiction and Judgments Act 1982 to give effect to the 2019 Hague Convention on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters within domestic law and to make additional provision for its implementation...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Popular documents

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Read More Right Arrow

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Read More Right Arrow

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Read More Right Arrow

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

Read More Right Arrow