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“Taxpayers should not bear the cost” of bank failure says Bank of England as final resolution framework published

The failure of banks should have “the same impact as the failure of any other institution”, with taxpayers spared from having to bear any costs the Bank of England has said. It has published its approach to dealing with lenders in financial difficulty. 27 Oct 2014

Supreme Court: 'sale and rent back' firm could not grant tenants proprietary rights over properties before sale completed

A firm that purchased properties in the north east of England on the condition that the previous owners would be entitled to remain in their homes indefinitely was not in a position to make such a promise, the UK's highest court has ruled. 23 Oct 2014

Out-Law Guides

Apple case shows risk of commercially sensitive information being disclosed in insolvency proceedings, says expert

Businesses contracting with US suppliers should be aware that there is a risk that the commercially sensitive information shared with those suppliers may become public in the event that those suppliers experience an insolvency event, an expert has said. 14 Oct 2014

UK government consults on increasing minimum debt before creditors can trigger bankruptcy proceedings

Creditors would not be able to force bankruptcy proceedings against individuals in England and Wales until more money was owed under plans put forward for consultation by the Insolvency Service. 07 Aug 2014

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Expertise in Business Restructuring

Pinsent Masons' Restructuring team helps a wide range of clients who are working with businesses in financial difficulty to rescue those businesses, improve recoveries and save jobs. We do this by working with all parties to identify opportunities and risks and to deliver innovative strategies to achieve our clients’ goals. Our clients trust us to work on many of the UK's most high profile restructuring assignments. We also draw upon a wealth of expertise and market contacts which we use to introduce new business opportunities to clients.

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