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UK Restructuring and Insolvency Update: key legislation, case law, restructuring plans, director disqualifications, Scotland and Northern Ireland changes, international developments, and key dates—9 January 2025

Published on: 09 January 2025

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

In this issue:

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

Key R&I law developments

Guidance on the information sharing measures in the Economic Crime and Corporate Transparency Act 2023 has been updated

The government website now features refreshed guidance on the Act’s voluntary information‑sharing provisions. These permit regulated firms to exchange customer information to assist in preventing, investigating and detecting economic crime, and are intended to offer greater clarity and assurance when sharing relevant data. See: LNB News 20/12/2024 58.

Information Sharing (Disclosure by the Registrar) Regulations 2024 SI 2024/1378: These Regulations empower the registrar to disclose information to specified recipients for defined purposes connected to insolvency and/or bankruptcy proceedings. They took effect on 20 December 2024 and were updated from draft on 23 December 2024. See: LNB News 22/05/2024 32...

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