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United Kingdom
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UK restructuring and insolvency update-Re Waldorf cram down, Iguanas plan convening, Cohen, Ofwat SIPR special administration, Scotland CVA challenge, Insolvency Service enforcement, consultations and key dates-28 May 2026
Restructuring & Insolvency weekly highlights-28 May 2026 In this issue Key R&I law developments Restructuring Personal insolvency Insolvency litigation R&I in Scotland Daily and weekly news alerts Key dates for restructuring and insolvency professionals New content Key R&I law developments Issue 170 of Insolvency Service’s Dear IP published The Insolvency Service has released issue 170 of its Dear IP newsletter. Highlights include revisions to the IP Complaints Gateway guidance, a consultation on proposed changes to Statement of Insolvency Practice (SIP) 2, and advice on safeguarding employee and consumer creditor data when lodging statements of affairs at Companies House. It confirms the UK Sanctions List is now the sole authoritative source for UK sanctions designations. The issue also sets out direction on using approved spreadsheet templates for submissions to the Insolvency Service, outlines proposals within the...
NEWS
Ofwat consults on SIPR guidance for English water undertakers: special administration contract continuity, insolvency protections, ranking of government financial assistance, and restructuring options
Ofwat has opened a consultation on provisional guidance for water companies carrying out schemes under the Water Industry (Specified Infrastructure Projects) (English Undertakers) Regulations 2013 (SIPR), SI 2013/1582. This guidance outlines Ofwat’s regulatory and commercial expectations for such schemes and should be considered alongside the statutory guidance, ‘Criteria for selecting specified infrastructure projects’......
NEWS
195th PD Update: DCP to accept digital issuing of ‘Other Remedy’ claims (injunctions, declarations, rescission) and CCA 2006 unfair-relationship claims (England and Wales)
The Master of the Rolls and the Minister of State for Justice have approved the 195th Practice Direction (PD) Update, expanding the reach of the Damages Claim Portal (DCP) in CPR PD 51ZB so that specified non-monetary claims-termed ‘Other Remedy Claims’-can be lodged online alongside a principal damages claim, provided both sides have legal representation, rather than relying on paper filing. It further includes within scope disputes concerning unfair relationships under the Consumer Credit Act 2006, extending the update’s application. This reform shifts matters presently dealt with on paper into a digital workflow to enhance efficiency, aligning connected remedies with the same online route as the main damages claim. The amendments take effect on 27 May 2026. The additional category spans three remedies: injunctions, declarations and rescission. Sources: The 195th Practice Direction Update 195th UPDATE – PRACTICE DIRECTION...
NEWS
UK restructuring and insolvency weekly: key judgments, guidance, regulatory updates and key dates—16 April 2026
In this issue: Key R&I law developments Corporate insolvency processes Personal insolvency Directors and insolvency Insolvency litigation Property insolvency R&I in Scotland Industry/sector guides for R&I lawyers Corporate Rescue and Insolvency (April 2026) Daily and weekly news alerts Key dates for restructuring and insolvency professionals New content Key R&I law developments Lord Sales on assimilated law On 13 April in Oxford, the Deputy President of the Supreme Court, Lord Sales, delivered a talk on the idea, standing and constitutional role of assimilated law in the post‑Brexit settlement. Placing assimilated law within its historical and constitutional frame, he explored possible hurdles for a purposive reading of assimilated measures, and discussed the interpretative weight of case law on assimilated provisions. He also examined how assimilated law may unsettle the sensitive balance between primary and delegated...
Directors’ disqualification—overview
Disqualification background and grounds for disqualification
How can a director be disqualified?
The advantage of operating with limited liability can be withdrawn from an individual for a set period if they are judged deficient as a director of a limited company or as a member of a limited liability partnership (LLP), whether or not they take any role in running the LLP. In this context, references to directors extend to LLP members. Grounds for disqualification range from carelessness or lack of competence to criminal conduct and persistent breaches. For further reading, see Practice Notes:
- How can a director be disqualified as a company director?
- Directors' disqualification orders in the criminal courts
Proceedings for director disqualification are frequently described as 'quasi-criminal' owing to their punitive character. Although brought as civil actions, in practice they operate as a hybrid. There are multiple routes by which someone can be barred from acting as a director of a limited liability company. Most frequently, this arises from allegations of 'unfit conduct' while serving as director of an insolvent company under section 6 of Company Directors...
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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 ...
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 ]...
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