Monday, March 1, 2021
In the final part of our predictions for 2021 for the UK insolvency market we look at pensions, the National Security and Investment Bill and cross border matters.
The first and second part of this series of blogs is available here (part 1) and here (part 2).
Pension Schemes Act 2021 – caution for insolvency professionals
The Pensions Schemes Act made it into the legislative books recently having been on the watch list for some time. Why is this of concern to those involved in restructuring? Because it carries (or will do) criminal liability and civil fines of up to £1million. Our previous blog explains how the legislation captures not just culpable directors but those typically involved in a restructuring including IPs, advisors and distressed lenders.
Thursday, February 11, 2021
At the start of 2020, we considered what changes the UK restructuring and insolvency market might expect to see during the year – however no one could sensibly have predicted the significant and far reaching impact of COVID-19.
In part 1 of our blog, we look back at 2020 and look forward to what the UK restructuring market can expect in 2021 considering the new Insolvency Laws, expected Rule changes, pre-pack sales and practice and procedural points.
Insolvency Laws – all change in 2020, what about 2021?
Last year we saw the proposed corporate insolvency reforms fast tracked into the legislative books making both temporary and permanent changes to the UK’s insolvency laws. See our Quickguide on Changes to the UK Insolvency Regime – what the Act means for UK Businesses as a useful overview of the changes.