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Recovery Magazine

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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.

Summer 2024

Let me start by congratulating R3’s new incoming president, Tim Cooper, on his appointment and his first Recovery column, and thank you to our outgoing president and Recovery editorial board member, Nicky Fisher, for all her efforts over the past 12 months.

Not a month goes by now without a decision involving a restructuring plan and we now have our first Court of Appeal decision in Adler. Charlotte Møller and Rebecca Terrace at Squire Patton Boggs and Georgia M. Quenby at Fladgate LLP give their perspectives.

The press has extensively covered the financial position of local councils and their ‘bankruptcy’. John Cullen at Menzies looks at the challenges of advising in this sector. 

We will all have heard about the terrible miscarriages of justice perpetrated against Post Office sub-postmasters and the steps that have been taken to quash convictions, but what about the various bankruptcy orders that have been made? Jennifer Lockhart at Brabners looks at the current position.

Ben Luxford at R3 looks at the ‘death of the creditor’ and how provisions that were introduced to cut costs and increase creditor engagement are not working, but how the industry and AI can change this. 

Georgia Morris at Gowling WLG and Stephen Rome at Penningtons Manches Cooper look at a recent decision demonstrating the tension between insolvency and family law.

Margaret Corbally at Grant Thornton tells us what we need to know about the construction industry scheme. Also on the subject of tax, Marcus Rea at Teneo looks at tax legislation challenges for IPs where director loans are outstanding on insolvency processes.

Guy Enright and Cecile Looseley at the Financial Services Compensation Scheme explain how IPs can help them ensure that financial compensation is made to those who are entitled to it, particularly in circumstances against which the compensation scheme was designed to protect.

Finally, Doug Robertson at Irwin Mitchell looks at issues that remain unresolved following the Avanti decision last year on fixed and floating charge security.

Summer 2024

Read this issue

Spring 2024 Spring 2024
Hopefully, the New Year has started well for you. Has it started well for the economy?
Winter 2023 Winter 2023
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.
Autumn 2023 Autumn 2023
What have you missed? Well inflation is starting to fall, but interest rates continue to increase and this appears to be causing further distress in the economy, as demonstrated by the Wilko administration.
Summer 2023 Summer 2023
Before we get into the content, I would first like to welcome Alexandra Davies of Menzies in Cardiff to the editorial board and to welcome back Alan Bennett, now at Womble Bond Dickinson.
Spring 2023 Spring 2023
The economic outlook appears to be improving, but 2023 has already brought with it the administrations of Flybe and Paperchase, and record insolvency numbers.
Winter 2022 Winter 2022
As the economic picture deteriorates and we head towards recession, society is looking not only towards its politicians for better governance (and some might say it could not get any worse!
Autumn 2022 Autumn 2022
It is what has been on everyone’s lips through the summer and was clearly the topic that we had to cover in this edition, as I alluded to in my last editorial –
Summer 2022 Summer 2022
Russia’s invasion of Ukraine has caused widespread economic impact around the world. This edition of RECOVERY explores the impact of changes to sanctions for the UK, offshore jurisdictions and asset tracing in the context of insolvency and restructuring.