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New EU insolvency rules aim to "rescue and recover" viable businesses, ministers say

Justice ministers from across the EU have backed a proposed new insolvency law regime that is intended to make it easier to save otherwise viable businesses facing cross-border financial difficulties. 09 Dec 2014

No leave to appeal Game rent on insolvency decision means certainty for landlords, says expert

The UK Supreme Court will not allow retailer Game to appeal a recent decision allowing landlords to recover rent from administrators that continued to operate the business as a going concern while a buyer was found. 05 Nov 2014

Out-Law Guides

  • Insolvency procedures

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on Financial difficulty and insolvency . The following is a brief summary of insolvency...

  • Financial difficulty and insolvency: Other considerations

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on  Financial difficulty and insolvency . Other guides in this series address minimising the...

  • Wrongful trading FAQ

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on Financial difficulty and insolvency . Resigning will not, by itself, remove liability. In...

  • Personal liabilities for financial difficulties and insolvency

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on Financial difficulty and insolvency . In cases of insolvent liquidation, a director or shad...

  • Financial difficulty and insolvency: An introduction

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on Financial difficulty and insolvency . This guide looks at the legal position of directors...

Rising interest rates should not affect record low in corporate insolvency rates, says industry

UK insolvency practitioners (IPs) do not expect the current low level of corporate insolvencies to change over the next 12 months, even if the Bank of England raises the base interest rate for the first time since 2009, according to research by Pinsent Masons,... 03 Nov 2014

Court of Appeal highlights dangers to lenders of choosing to enforce only part of a security

Lenders must be careful to ensure that they do not lose the right to enforce their remaining rights under a security agreement when they choose to enforce only part of it, the Court of Appeal has warned. 20 Oct 2014

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