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New arbitration procedure and Code of Practice to resolve outstanding COVID-19 related commercial rent arrears

United Kingdom - November 12 2021 On 9 November 2021, the Government announced that a new binding arbitration procedure and Code of Practice will be introduced to resolve unpaid…

Alexander Wood

Caffè Nero CVA challenge dismissed

United Kingdom - October 11 2021 On 29 September 2021 the High Court dismissed a challenge to Caffè Nero’s 2020 CVA brought by one of its landlords, Ronald Young. Young asserted that…

Alexander Wood

Tapering of CIGA restrictions on use of winding up petitions

United Kingdom - September 10 2021 The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Schedule 10 Regulations 2021) (the “Regulations”) will modify CIGA by…

Alexander Wood

Non-performing loans - have European banks provisioned enough?

European Union - June 2 2021 Banks have set aside record levels of provisions to deal with a wave of non-performing loans (NPLs) expected to flow from the pandemic. Debtwire…

Kate O'Donoghue