Insolvency & Restructuring News

The UK has opted in to the EU Commission’s proposals to amend the Regulation on insolvency proceedings


The European Commission published its proposals to reform the existing EU Insolvency Regulation in December 2012. Business Minister Jo Swinson has announced that the UK Government has exercised its right under the EU Treaty to opt-in to the Regulation, and will participate fully in negotiations and implementation of the Regulation.

A written copy of the ministerial statement is available here and the responses to the consultation are available here.

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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:

  • Marex – reflective loss
  • Paperback Collection – a fine is a provable debt in a winding up or administration
  • North Point Global - contingent creditor bound by CVA