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UK Restructuring and Insolvency Weekly: key cases, Water (Special Measures) Act 2025, MoJ fee increases, office-holder remuneration, Insolvency Service enforcement, and EU pre-pack plans, 27 February 2025

Published on: 27 February 2025

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

  • Corporate insolvency processes
  • Personal insolvency
  • Directors and insolvency
  • Insolvency litigation
  • The office-holder
  • International restructuring and insolvency
  • Daily and weekly news alerts
  • Key dates for restructuring and insolvency professionals
  • New Q&As

Corporate insolvency processes

Water (Special Measures) Act 2025

This Act sets out measures on the oversight, governance and special administration of water companies. It commenced in part on 24 February 2025, will commence further on 24 April 2025, and will take full effect on a day to be appointed by regulations made by the Secretary of State and the Welsh Ministers. See: LNB News 25/02/2025 12.

Court approves administrators' Paragraph 71 applications (Kennedy v Fonds Rusnano Capital SA)

The High Court sanctioned administrators’ bids under paragraph 71 of Schedule B1 to the Insolvency Act 1986 to dispose of assets subject to fixed charges owned by four English companies without the fixed charge holder’s consent. Given the pressured timetable, the fractured, cross-border asset ownership within the group, and the sanctions regime relating to Russia, the court also offered guidance on the applicable test in IA 1986, Sch B1, para 71...

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