Within a week of its election in early July 2024, the new government was shouting from the rooftops about its ambitious plans to address the UK’s housing crisis by building 300,000 new homes a year over the five-year life of the current parliament. This is mainly to be facilitated by significant reforms to the planning system, which the major housebuilders
The corporate insolvency statistics for July 2024 published by the Insolvency Service showed that it was another worryingly busy month for business failures, although it was quieter than the preceding month. There were 2,287 insolvency filings, compared to 2,487. Nevertheless, this July’s figure was higher than the same month in any year since before the pandemic in July 2019. As
Does the new government necessarily herald a new economic era? There has certainly been a change of tone, even if it seems rather more difficult to detect an actual change of mood as yet.
Decades of increasing globalisation and the dominance of ever more complicated multi-national corporate groups have meant that even quite small and otherwise straightforward UK businesses have international relationships that become far more problematic in an insolvency scenario. The issues may concern an unpaid receivable, a key supplier relationship, an overseas joint venture or a foreign subsidiary. Tangible assets may located
There are so many misconceptions about talking to IPs about a business’s problems that it’s hard to know where to start with de-mystifying the process. The two immediate fears are how much will it cost and won’t they simply want to push my company into liquidation to earn a quick fee? The first question is easy to answer. The initial
Trade has grown increasingly global in recent decades, generating greater volumes of cross-border issues. Some of these inevitably need resolving through some form of restructuring or insolvency process. Unfortunately, not everything can be settled on a consensual basis. The trouble is, the deeper one dives into the world of international insolvency, the more obvious it becomes that insolvency regimes are
