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Virgin Atlantic becomes first company to use UK government's new restructuring plan

United Kingdom - October 12 2020 As part of its pandemic-driven £1.2 billion solvent recapitalisation, Virgin Atlantic recently became the first company to use the UK government's new…

Major UK restructuring and insolvency reforms announced

United Kingdom, USA - August 29 2018 The UK government announced on 26 August 2018 that it will legislate to update the restructuring and insolvency systems, with the aim of the UK…

ROT claims: no cashing in

United Kingdom - June 16 2014 Insolvency professionals will welcome the High Court's decision in Blue Monkey Gaming Limited v Hudson & Others [2014] which is clear authority that…

Andrew Howell, Sophie Cubbon, Neil Smyth.

Nortel - finally, the ground-breaking cross-border bankruptcy settlement

Canada, United Kingdom, USA - January 10 2017 Eight years ago, Nortel Networks Inc. and many affiliates filed multiple insolvency proceedings, across Europe, the US, and Canada. At the…

Distressed companies, directors' duties and conflicts of interest

United Kingdom - September 7 2020 A director diverted a business opportunity from Company A to Company B. The director argued that the diversion was not in breach of his duty to avoid…