We realise that it is a challenge to compete for your attention with our latest insolvency and restructuring offering when we are in the midst of the Women’s Euros, Wimbledon and Test cricket hosting India, distracted by looming summer holidays – and with a (third) heatwave pending!
That said – we will but try with our round-up of tantalising legal updates and market commentary. You’ll find the full list of our articles below, but here are some of the key highlights. And over the coming weeks, you’ll find us out and about at various TMA events and the RAIIDAR summer party – so do come over to say hello!
It might be sunny, but British businesses continue to weather a complex storm: factors include continued tricky market conditions, unpredictable US tariff policy and the continued bite of the government’s increases in minimum wage and national insurance contributions. Sectors such as hospitality and construction continue to be particularly affected: you might have seen Matthew Padian quoted in the Guardian and City AM (amongst others) discussing the difficult situation at River Island. And Lucy Trott wrote for Construction News about the triple threat facing the construction industry.
This quarter has also seen a number of important technical developments. Helen Martin discusses the current consultation on a proposed replacement practice statement for schemes and restructuring plans, Lucy looks at the implications of the automatic transfer of insolvency cases to the central London County Court and Louise Corcoran highlights that insolvency practitioners are now subject to reporting obligations under the financial sanctions regime. And are we in a new era for cross-border enforcement of judgments? Hague 2019 came into force here on 1 July: our disputes colleagues discuss the implications.
Caselaw developments continue to flow: Helen, together with our banking colleague Andrew Dodds, looks at the implications for the distribution of enforcement proceeds arising out of the recent Brookes Homes decision. Lucy, Philippa Crook and I consider the Supreme Court decision in Bilta v Tradition Financial Services: who can be liable for fraudulent trading, and what’s the limitation period that applies to such claim? Finally, Matthew and Laura Van Eyken consider the elements necessary in a guarantee to found a bankruptcy petition.
So there you go, that should keep you busy for July! As ever, we would be happy to discuss any of the items covered, or to receive suggestions for topics for us to cover in the future.
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Tim Carter
Matthew Padian