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Restructuring GlobalView
The UK Supreme Court’s decision in Saxon Woods Investments Ltd v Costa [2026] UKSC 21 is not an insolvency case. However, it has important implications for directors of financially distressed companies and for office-holders assessing potential claims against former directors. The decision addresses a recurring dilemma: what can a director do when they genuinely believe...... Continue Reading
August 2026 | Blog
S216(3) of the Insolvency Act 1986 restricts former directors of insolvent companies from being involved with companies or businesses using a prohibited name for five years following an insolvent liquidation. S216(3) provides that, unless leave is granted by the court or one of the statutory exceptions applies, a person who was a director of a...... Continue Reading
July 2026 | Blog
S423 of the Insolvency Act 1986 (IA 1986) provides a route for office holders to challenge transactions where a person deliberately transfers assets at an undervalue to put them beyond the reach of creditors. The Supreme Court in El-Husseiny and another (Appellants) v Invest Bank PSC (Respondent) [2025] UKSC 4 recently confirmed what is meant...… Continue Reading
April 2025 | Blog
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September 2024 | Europe
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