News & Events

Commercial

The Corporate Insolvency and Governance Bill – What it means for Directors and Creditors

The Government has published the Corporate Insolvency and Governance Bill setting out the measures it intends to bring in to help businesses survive the economic shock caused by Covid-19, together with important reforms to insolvency. In this article Saaman Pourghadiri of Outer Temple Chambers and Meriel Hodgson-Teall and Daniel Mills of Enyo Law consider what those measures mean for directors and suppliers to companies. This article updates a note Saaman, Meriel and Daniel wrote when measures to assist businesses were first announced. That note can be found here. Overview of the Bill The Corporate Insolvency and Governance Bill (the “Bill”) introduces temporary measures to respond to the Covid-19 crisis and permanent additions to the UK insolvency regime. As at the…

Covid-19, Commercial during Covid-19 3 Jun, 2020

Suspension of wrongful trading provisions to ease COVID-19 fallout – not a panacea for directors

In more Covid-19 related business news, the Government will amend the UK Insolvency Act 1986 to temporarily suspend provisions relating to wrongful trading by UK directors to help them to tackle these extreme trading conditions without the threat of personal liability. Saaman Pourghadiri has collaborated with Meriel Hodgson-Teall and Daniel Mills of Enyo Law to analyse the proposed suspension of wrongful trading provisions & Directors continuing liabilities and duties. Amongst a set of far-reaching new measures designed to ease the pressures and impact of the COVID-19 pandemic on UK businesses, the UK Government recently announced its intention to temporarily suspend provisions relating to wrongful trading by directors of UK companies. The measures, implemented by way of amendment to the UK…

Covid-19, Commercial during Covid-19, Commercial, News 28 Apr, 2020

Teresa Rosen Peacocke; significant ruling for international commercial arbitrations

The Court of Appeal has delivered a significant ruling on evidence in international commercial arbitrations. Teresa Rosen Peacocke was successful in seeking support of the English court in a case based in New York.   Teresa Rosen Peacocke, with Richard Lissack QC and Leonora Sagan of Fountain Court Chambers, succeeded in the Court of Appeal in A v C [2020] EWCA Civ 409. They acted for the successful Appellants in this appeal with legal significance to the arbitration community. Counsel were instructed by Ronald Minkoff of Frankfurt Kurnit Klein and Selz PC in New York and Sinead O’Callaghan and Sam Roberts of Cooke Young and Keidan  in London. Teresa Peacocke acted for the Appellants at first instance. In this judgment, the…

News, International 22 Mar, 2020

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