Restructuring and insolvency bulletin - July 2023

Restructuring and insolvency bulletin - July 2023

Restructuring and insolvency bulletin - June 22

In our last bulletin in April, we optimistically spoke of the prediction of the end of interest rate rises. But three months later the markets remain volatile against an increasingly persistent background mood of pessimism, with wages rising at their fastest pace on record (outside the covid period) adding to concerns about high inflation and potential further interest rate hikes. Troubled times likely lie ahead: May’s insolvency figures already show corporate insolvencies on the increase (Helen Martin’s one-minute summary of the figures is linked below) and Thames Water’s recent woes have occupied the front pages.

In the most recent edition of our R&I Spotlight podcast series, join Tim Carter and Lucy Trott for their nine-minute dissection of post-Brexit cross-border recognition. We also discuss a development in the bounce back loan saga, the implications of a recent decision on fixed and floating charges, the role of HMRC in restructuring plans and a Court of Appeal decision on transactions defrauding creditors. Finally in three discussion pieces we take a moment to refresh our insolvency knowledge against a background of turbulence in the crypto world, consider the merits of "amend and extend" exercises (and the implications for insolvency lawyers) and reflect on the Thames Water situation.


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