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Restructuring and Insolvency Weekly: Kireeva immovables, Chaptre plan, Gill unfair prejudice; PRA Solvency II reforms; sanctions guidance; October statistics; case allocation practice note; key dates—21 November 2024

Published on: 21 November 2024

Published by a LexisNexis Restructuring & Insolvency expert
Legal News
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In this issue:

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

Key R&I law developments

Insolvency Service publishes monthly insolvency statistics for October 2024

The Insolvency Service has released its October 2024 monthly figures on corporate and individual insolvencies in England and Wales. There were 1,747 corporate insolvencies, a 10% decrease from September 2024 and 24% lower than October 2023. For individuals, total insolvencies in October 2024 reached 8,952, down 14% on September 2024 and broadly similar to October 2023. See: LNB News 19/11/2024 45.

New sanctions guidance for insolvency practitioners and letting agents

The Sanctions (EU Exit) (Miscellaneous Amendments) (No.2) Regulations 2024 (SI 2024/1157) were laid before Parliament on 14 November 2024. Among other updates, the rules widen the definition of relevant firms subject to financial sanctions reporting duties to capture additional sectors—high value dealers, art market participants, insolvency practitioners and letting agencies. See: LNB News 15/11/2024 29...

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