Once more, Company Voluntary Arrangements (CVAs) are in the spotlight, with several high-profile cases currently in the news. Taking some recent critical comments about the CVA process at face value might lead a layperson to assume that this business rescue tool is critically flawed. While there is room for improvement, it is important to consider this issue with the full picture in view, as we set out below.

Crown Preference is once more the law of the land, as of 1 December 2020. Our post looks at the potential negative consequences for business rescue...

From pre-packs to late payment, there was a lot on the agenda for R3's Press, Policy and Public Affairs team in October...

On May 15^th, for the first time, the Insolvency Service (IS) released monthly figures for corporate and personal insolvencies (NB: corporate: England & Wales, Scotland; personal: England & Wales). The IS said that it was publishing on a monthly (rather than quarterly, as previously) basis “to provide more up to date information on the numbers of companies and individuals who are unable to pay debts and enter a formal insolvency procedure as the coronavirus (COVID 19) pandemic continues”.