If this email is not displayed correctly please click here

Insolvency & Restructuring

31 July 2020
Rachael Markham HMRC Crown preference restored from 1 December 2020 – impact on lenders and UK corporates

United Kingdom - Squire Patton Boggs

The Finance Act 2020 recently received royal assent, confirming the anticipated but opposed intention to restore Her Majesty's Revenue and Customs (HMRC) as a secondary preferential creditor on insolvency. From 1 December 2020 HMRC's claim will sit ahead of floating charge holders and unsecured creditors, reducing the monies available for distribution to both when a corporate files for insolvency. But what does this mean for secured lenders and corporates?

Author: Rachael Markham
Read more

Recent updates

Jennifer Fox Segregated portfolio companies

Cayman Islands - Ogier

Author: Jennifer Fox
Alexis Erotocritou Insolvency and restructuring from a COVID-19 perspective

Cyprus - AG Erotocritou LLC

Authors: Alexis Erotocritou, Grigoris Sarlidis, Antreas Koualis
Devinder Singh New insolvency practice direction – providing some much-needed clarity on UK winding-up petitions

United Kingdom - Squire Patton Boggs

Author: Devinder Singh
Tan Meiyen DIP financing – the Singaporean way

Singapore - Oon & Bazul LLP

Authors: Tan Meiyen, Lionel Chan
Charles M Oellermann Use of cash collateral to pay prepetition debt not prohibited by Jevic

USA - Jones Day

Authors: Charles M Oellermann, Mark Douglas
COVID-19 Weekly Report (18-24 May 2020)

International - International Law Office

Author: Adam Bell