It has been reported in the press that the UK government is considering emergency legislation to reform UK insolvency laws to protect companies and directors impacted by the measures taken to combat the COVID-19 virus. The Crowell & Moring Restructuring and Finance team have issued an alert on the issues arising, a link to which
The Crowell & Moring Finance and Restructuring team have issued an alert on the operation of the Coronavirus Business Interruption Loan Scheme, including an explanation as to who can apply and the type and extent of funding available. A link to the alert is here:
Crowell & Moring has released its Regulatory Forecast 2020: What Corporate Counsel Need to Know for the Coming Year, a report that explores the impact of regulatory changes on the technology industry and other sectors, and provides insight into the issues in-house counsel can expect to face in the coming year.
For 2020, the…
Crowell & Moring has released Litigation Forecast 2020: What Corporate Counsel Need to Know for the Coming Year. The eighth-annual Forecast provides forward-looking insights from leading Crowell & Moring lawyers to help legal departments anticipate and respond to challenges that might arise in the year ahead.
For 2020, the Forecast focuses on how the…
The London Crowell & Moring restructuring team (led by partners Cathryn Williams and Paul Muscutt) recently successfully acted in a highly contested application to appoint administrators to the holding companies of the Carlauren Care Home group. For further information, see link below:
In the latest edition of Economia, Crowell & Moring Restructuring partner Paul Muscutt comments on the reintroduction of crown preference and the impact that may have on lending.
The article can be found here.
The London ABL and Restructuring team at Crowell & Moring feature in this month’s Business Magazine, following their arrival earlier in 2019 from the London office of Squire Patton Boggs.
The article comments on the growth of the London team, its approach to market and how the new team differentiates itself from the rest…
In the following article published by Lexis Nexis/LNB News on 19 June, Cathryn Williams, restructuring partner at the London office of Crowell & Moring, comments on the introduction of “breathing space” for those individuals facing debts issues in the UK.…
British Steel has entered compulsory liquidation today with EY being appointed as special managers. Is British Steel the first real victim of Brexit? First, as a result of the delay in the UK’s divorce deal, the EU delayed granting carbon credits to British Steel necessitating a £120m loan from the government to stave off significant penalties in relation to its emissions targets. The directors now cite “Brexit-related issues” as the reasons for the failure of the business, with the on-going uncertainty over future tariffs and trading terms resulting in the company’s order book from Europe falling off a cliff.…
In the recent UK case of Wright and others v HMV Ecommerce Limited and another  EWCH 903, the Court considered whether an electronic filing (e-filing) of a notice of appointment of administrators by directors outside the court’s opening hours was valid.…