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Restructuring GlobalView
The government has published further detail on the forthcoming “Register your rental property” service, which forms part of the second phase of implementation of the Renters’ Rights Act 2025 (RRA). The service will require landlords of qualifying residential properties to register both themselves and their rental properties and includes specific provisions for insolvency office holders....... Continue Reading
October 2026 | Blog
Publication
October 2026 | Europe
Congress has taken a significant step to expand access to bankruptcy relief for small businesses by permanently increasing the debt eligibility limit for Subchapter V of chapter 11. The legislation, known as the Bankruptcy Threshold Adjustment Act (H.R. 7730), raises the Subchapter V debt ceiling from approximately $3.4 million to $7.5 million. Once signed by...... Continue Reading
The use of formal restructuring procedures to reduce lease liabilities is nothing new. For many years, retailers and hospitality businesses relied on Company Voluntary Arrangements (“CVAs”) to reduce rents, compromise arrears and exit underperforming sites. Since the introduction of Part 26A of the Companies Act 2006, attention has focussed on how Restructuring Plans (“RPs”) can...... Continue Reading
September 2026 | Europe
The Building Safety Act 2022 (BSA) continues to reshape the risk landscape far beyond the construction and residential development sectors.
August 2026 | Europe
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
On remand from the Fifth Circuit, the Bankruptcy Court for the Southern District of Texas (the “Court”) held in the Serta Simmons Bedding (“Serta”) liability management exercise (“LME”)[1] dispute that a credit agreement’s pro-rata sharing provision applied to noncash payments, in this case, a debt-for-debt exchange, and not solely to cash payments. The Serta Court...... Continue Reading
On June 18, 2026, the English High Court sanctioned two interconnected restructuring plans that will eliminate approximately US$9.6 billion of debt and implement a broader operational reorganization of the group. Just eight days later, on June 26, 2026, Judge Glenn of the US Bankruptcy Court for the Southern District of New York granted Chapter 15...... Continue Reading
Cross-border agreement on “good forum shopping”
July 2026 | Global
With the anticipated appeal in Novalpina having been heard at the end of last month, practitioners will be watching closely to see what the courts have in store for solvent liquidations. In particular, there remains considerable interest in whether the first instance findings concerning the requirement to pay all debts, together with statutory interest, within...... Continue Reading
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