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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...

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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’......

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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...

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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...

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Property receiverships—overview

This Overview


This Overview sets out the different forms of receivership used to realise security over a property asset and signposts the materials within the property receivership subtopic. Appointing a receiver remains a favoured enforcement route for creditors holding security over a property asset. The appointment process is comparatively straightforward and avoids the heavier statutory formalities required, for example, for a company in administration. Consequently, it is a cost‑efficient method of enforcement.

What this subtopic covers


This subtopic includes Practice Notes on the following:

  • pre‑appointment considerations and review
  • enforcement of security by appointing a receiver
  • enforcement of security by appointing an administrative receiver
  • enforcement by a mortgagee
  • the role and duties of receivers, ending a receivership, and receiver remuneration
  • guidance to assist with common issues arising during a receivership
  • country guides

It also provides the following Precedents for appointing an LPA/fixed charge receiver:

  • making demand-Demand letter-borrower and Demand letter-guarantor together with the guidance found in Practice Note: How to serve a demand for payment
  • borrower documentation inviting a receiver appointment-Invitation to appoint a receiver-letter and Invitation to
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