Insolvency & Restructuring News

What's been hitting the headlines? Here you will find news stories covering all forms of Insolvency and Restructuring in the media.

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The Consent Protocol attached to the Technical Committee's email of 3 April has now been amended to reflect feedback obtained from the IP community Read More


Temporary Insolvency Practice Direction

A Temporary Insolvency Practice Direction supporting the July 2018 Insolvency Practice Direction is now in force and will, unless amended or revoked earlier, remain in force until 1 October 2020. Read More


Saving Livelihoods - UPDATE and Consent protocol: Leaving certain management powers with the directors

The Technical Committee has updated its recent Rescue Administration: Saving livelihoods briefing note and produced produced a form of protocol which could be used by an administrator to consent to the directors continuing with certain management powers Read More


Rescue Administration: Saving Livelihoods

Given the economic impact of COVID-19, the Technical Committee with the CLLS have produced the attached briefing note to remind members of the flexibility to mobilise administration to stabilise, protect, and, if necessary, restructure companies Read More


Annual dinner lecture - Crypto-currencies and insolvency

Annual dinner lecture by Mr Justice Zacaroli on crypto-currencies and insolvency dedicated to the memory of Gabriel Moss QC. Read More


Peter Horrocks

Family, friends and professional colleagues across the world have mourned the passing of an ILA founding member, Peter Horrocks, after a short illness. Read More


The Insolvency Lawyers’ Association (ILA) Technical Committee The City of London Law Society (CLLS) Insolvency Law Sub-Committee   ISSUES PAPER ON LEGISLATIVE REFORMS (2018/2019)

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Annual dinner 2018 - The role of the Court’s inherent jurisdiction in insolvency litigation

ILA Annual Dinner 2018 - The role of the Court's inherent jurisdiction in insolvency litigation, pre-dinner talk now available. Read More


ILA Annual Dinner 2017 - a great success

This year's annual dinner was held in the London Guildhall and was a great success. Read More


Court-to-court communications in cross-border insolvency cases

Chapter 25 of the Chancery Guide has been amended so that parties are required, at an early stage, to consider whether the court should make use of one of the three specified sets of guidelines Read More

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Recent Bulletins

A key service provided by the ILA is the provision of bulletins keeping it’s membership up-to-date with the latest developments in insolvency law.

Below are a selection of recent topics covered:

  • PJSC VTB Bank v Laptev – Russian law and Russian bankruptcy precluded bankruptcy order in England
  • System Building Services Group – directors’ duties survive formal insolvency proceedings
  • Direct Affinity – OR’s administration fee and general fee where winding up order rescinded and no chargeable receipts