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Singapore proposes to protect senior bondholders in bank failures

The Monetary Authority of Singapore (MAS) has proposed changes to its bank resolution regime that would protect senior bondholders if a bank fails. 09 Jul 2015

Companies behind £12m pension 'liberation' scam wound up by High Court

Two companies that received £11.9 million worth of investments from clients "misled" into participating in a pension liberation scheme have been wound up by the High Court after an investigation by the Insolvency Service. 24 Jun 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...

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

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