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.
I hope you had a good Summer. We ease you back into things with our Autumn edition looking, as our theme, at the current state of prepackaged administrations - 'pre-packs'.
The latest evolution of pre-packs is the introduction of the concept of the evaluator's report, which came into existence in 2021. What do the evaluators think of the process? Matt Jukes found out by interviewing three of them, Johnny Abraham, Stuart Hopewell and Kevin Murphy.
While pre-packs have become a way of life for many of us over the past 20 years, concerns about them remain, which Peter Walton identifies in his article in this edition. On the other side of the debate, Nick O'Reilly extols the virtues of the pre-pack and Jonathan Dunn at FRP gives a real life example of where the pre-pack has effectively operated to keep air ambulances in the air.
I trust you have all read each of the 533 pages of the BHS judgment (yes, of course I have...). In case you have not, Joe Curl KC, who acted for the successful liquidators, helpfully summarises Mr Justice Leech's far-reaching judgment for you.
Following a recent legal statement by the UK Jurisdiction Taskforce (UKJT) on digital assets and their interaction with insolvency law, Nick Price of Osborne Clarke reviews that statement and the current state of play with the increasing influence of digital assets, such as cryptocurrency, on our profession.
Thames Water's financial travails are well publicised, so Prav Reddy at Katten Muchin Rosenman UK reviews the updated special administration regime for water companies and how it might work. Notwithstanding its 18th century roots, modified universalism continues to evolve, and Katie Longstaff at Radcliffe Chambers looks at some recent decisions as cases in point.
In a busy edition, our colleagues at R3 also assess the impact of a new government on our profession, Maria Strong, the vice chair of R3's SPG Committee, looks at the agenda for the upcoming SPG Forum in November and, with a continued increase in office-holders assigning claims to litigation funders, Caleb Bompas at Manolete looks at legal challenges to assignments and how to avoid them.
Hopefully this edition will both educate you and eradicate your post-summer blues!
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Autumn 2024
I hope you had a good Summer. We ease you back into things with our Autumn edition looking, as our theme, at the current state of prepackaged administrations - 'pre-packs'.
Summer 2024
Spring 2024
Hopefully, the New Year has started well for you. Has it started well for the economy?
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
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
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
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
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
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 –
