Restructuring & Insolvency Bulletin - Winter 2019

Restructuring & Insolvency Bulletin - Winter 2019

Restructuring & Insolvency Bulletin - Winter 2019

Welcome to the winter edition of our Restructuring & Insolvency bulletin – our first of 2019.

Just a few weeks into the New Year and news of the woes facing the UK’s embattled high street continues to flow thick and fast. HMV and Patisserie Valerie have each recently fallen into administration. The Centre for Retail Research is forecasting more retail redundancies this year on top of those suffered by the collapse of Toys R Us, Poundworld and Maplin Electronics in 2018. M&S, Halfords and Debenhams were among those reporting disappointing sales figures amid the worst Christmas in a decade for UK retailers. Landlords are said to be bracing themselves for a wave of store closures in 2019. Little wonder then that we are predicting more CVAs ahead in one of our feature articles in this bulletin – please see more below. 

The UK’s car industry isn’t doing too well either, having been rocked by recent news of Jaguar Land Rover job losses, restructuring initiatives at Ford and temporary factory closures at Honda prompted by something called “Brexit”. These are challenging times then and we can expect 2019 to be a very busy one for restructuring and insolvency specialists.

Over the next 12 months we will be keeping an eye out for some of the key legal developments in the UK’s restructuring and insolvency space. Three more of these bulletins will follow, together with regular alerts on our Website in between. But beyond those stories which we flag up ourselves, if you are looking at any R&I situations and would welcome our insights on potential solutions, do get in touch.

Finally, please don’t forget our sister publication that we produce for our Banking & Finance clients. Click here to read more.

A link to the web version of this email update is available here. If you would like to receive these updates via email, please subscribe.

Contact our experts for further advice

View profile for David SteinbergDavid Steinberg, View profile for Tim CarterTim Carter
  1. Restructuring and Insolvency predictions for 2019

    This past week has seen the return to work for many with attention now focusing to the year ahead. But what does 2019 promise for UK restructuring and insolvency specialists? Here we dust off our crystal ball and highlight a few immediate observations. 1.... Read more
  2. The Return (or Part 3) of "So when is an administrator appointed?"

    Can you name three great trilogies?  How about: Francis Ford Coppola's “The Godfather Trilogy” (The Godfather, The Godfather: Part II and The Godfather: Part III) John le Carré's “The Karla Trilogy” (Tinker,... Read more
  3. Financial collateral arrangements: tricky issues and practical considerations

    Partner and Co-Head of the Restructuring & Insolvency practice at Stevens & Bolton LLP, Tim Carter, together with Managing Associate, Andrew Dodds, and Associate, Lucy Walker, has recently written an article for the Butterworths Journal of... Read more
  4. Flybe or not Flybe, that is the question - Consumer protection in the age of airline insolvency

    Over the last few years, we have witnessed a number of both new and established airlines suffering financial difficulties and entering into insolvency processes. For the UK, the most significant airline insolvency in recent years has been the entry of ... Read more
  5. PPF issues new and updated guidance to IPs

    The Pension Protection Fund (PPF) has issued new and updated guidance materials setting out its position on key pensions-related issues that might arise during insolvency proceedings. The PPF was established to compensate those individuals who belong to... Read more

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