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

UK restructuring and insolvency update: Thames Water plan, ECCTA commencement, Companies House identity verification, key case law, Scotland Moveable Transactions Act, CPR and fees changes—20 March 2025

Published on: 20 March 2025

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

In this issue:

  • Key R&I law developments
  • Restructuring
  • Corporate insolvency processes
  • Personal insolvency
  • Insolvency litigation
  • Directors and insolvency
  • International restructuring and insolvency
  • Daily and weekly news alerts
  • Key dates for restructuring and insolvency professionals
  • New content
  • New Q&As

Key R&I law developments

Insolvency Service publishes monthly insolvency statistics for February 2025

The Insolvency Service has released its February 2025 monthly statistics, covering both company and personal insolvencies throughout England and Wales. The figures indicate there were 2,035 corporate insolvencies in the period, 3% above January 2025 yet 7% below the same month in 2024. For individuals, January 2025 recorded 10,147 insolvencies in total, 4% higher than in January 2025 and 5% lower than February 2024. See: LNB News 18/03/2025 27.

Companies House publishes two guidance documents on identity verification

Companies House has issued two guidance documents on identity verification. The first sets out who must verify their identity, the verification options available, and the implications of failing to verify, among other aspects and related points. The second explains when individuals are required to complete identity verification under the guidance...

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