RECOVERY is the leading quarterly magazine for professionals working within insolvency and business recovery in the UK. RECOVERY is distributed to R3 members as part of their exclusive membership benefits package. Are you up to date with the latest developments to affect the profession? Do you have an idea or an insight that you’re burning to share with thousands of other professionals? If so, we would like to hear from you. If you have an idea for an article that you feel may be of interest to the RECOVERY readership, please contact us by sending a short summary of your suggestion or proposal to Matt Jukes, [email protected] or call 020 7841 5960.
As we approach the end of another year, the economic outlook for the UK remains uncertain as debate continues as to whether a recession will be avoided.
However, with Christmas approaching and Black Friday just passed, focus is currently on consumer spending and the effect high inflation and interest rates will have on retailers' profits. This edition therefore focuses on distress in the retail sector.
Tina McKenzie of the Federation of Small Businesses looks at the challenging outlook for small retailers, Ion Fletcher gives the BPF's view on restructuring plans and we hear from Rick Harrison at Interpath on the firm's involvement in the sale of the Tuffnells business.
From the legal perspective, the same litigation saga has spawned a Supreme Court decision on a challenge to a trustee in bankruptcy's actions, reviewed by Joseph Curl KC, and a Court of Appeal decision on the trustees in bankruptcy's discretion, reviewed by Rowena Page at Maitland Chambers and Kathryn Hacking at Gateley. Rhys Williams at Howden also looks at the Supreme Court decision in PACCAR and its effect on litigation funding.
The financial recovery unit manager at the ICO, Kerry Smith, tells us how they are using the appointment of IPs to enforce the collection of fines for breach of communications and data protection legislation, and Angela Foyle from the CCAB defends its guidance on money laundering and terrorism finance.
Jennifer Jenkins and William Barnes at Mourant describe the latest developments in the BVI, and Andrew Kelsall reflects on his 40 years dealing with personal insolvencies. Our survey this edition looks at technology and IT services.
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