Introduced as part of the Corporate Insolvency and Governance Act (CIGA) 2020 and covered by Part 26A of the Companies Act 2006, restructuring plans are the latest insolvency solution, giving company directors another avenue to consider when exploring their rescue and recovery options.

In this blog we share some key takeaways from R3’s first in person Restructuring Forum.

Lisa Linklater KC and Hateema Zia of Exchange Chambers look at the newest of the corporate insolvency procedures, and how HMRC’s relationship with it has changed since it came into force in June 2020...

R3's parliamentary engagement led to the profession's views being raised over 20 times during debates in both the House of Commons and House of Lords, with the key mentions included in the video within this post. 

This blog post sets out R3’s response to the APPG’s report and recommendations – including those that could help to make a positive difference to the current framework – while also highlighting some of the areas where we feel the report doesn’t get it right.

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.

A brief overview of the new business rescue procedures introduced by the Corporate Insolvency and Governance Act, and the existing corporate insolvency landscape...

R3 surveyed our members in early to mid May, to find out how the profession was finding levels of demand for its services, on both the personal and the corporate insolvency fronts...

Read an update on everything R3's Press, Policy and Public Affairs team have been up to in June 2020...