Cookies on Pinsent Masons website

This website uses cookies to allow us to see how the site is used. The cookies cannot identify you. If you continue to use this site we will assume that you are happy with this

If you want to use the sites without cookies or would like to know more, you can do that here.

European parliament gives final approval to cross-border insolvency regime based on business rescue

The European parliament has rubber-stamped new cross-border insolvency rules, designed to give otherwise viable companies in financial difficulty a "second chance", it has announced. 27 May 2015

UK pensioners to benefit as judges order insolvent Nortel’s assets to be divided equally

Former UK employees of Nortel Networks, the insolvent Canadian telecoms firm, could receive up to two thirds of their long-deferred pension claims after the US and Canadian courts ruled that the company’s remaining assets should be equally divided among all... 18 May 2015

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...

'Relief for businesses' as CJEU confirms UK approach to collective redundancy consultation, says expert

UK employers need only comply with collective redundancy consultation requirements if they are proposing to make 20 or more redundancies in 90 days at a single establishment site, regardless of the total number of redundancies planned across the company, the... 30 Apr 2015

UK government reviewing employee consultation and information sharing by businesses facing insolvency

The ways in which businesses facing financial difficulties and the possibility of making employee redundancies consult and provide information to those employees could be better, the UK government has said. 30 Mar 2015

More stories