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Current issues and legal reforms


This subtopic contains our Practice Note: Current issues and legal reforms for restructuring and insolvency professionals which discusses current issues and legal reforms (with links to the appropriate materials) that may be of interest to restructuring and insolvency professionals. It is updated regularly with practical guidance and analysis which reflects recent changes and trends in the law and the legal market.

It also contains links to (among others):

Retained EU Law (Revocation and Reform Act) 2023

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    Assimilated law

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Latest Restructuring & Insolvency News

Insolvency Service publishes April 2025 enforcement outcomes management information

The Insolvency Service has updated its enforcement outcomes management information for April 2025. The data shows that there were 94 director disqualifications and 10 bankruptcy and debt relief restrictions.

Chancellor of the High Court launches consultation on new practice statement for schemes and restructuring plans

The Chancellor of the High Court, Sir Julian Flaux, has launched a consultation on a revised Practice Statement covering schemes of arrangement under Part 26 and restructuring plans under Part 26A of the Companies Act 2006.

Restructuring & Insolvency weekly highlights—8 May 2025

This week's edition of Restructuring & Insolvency weekly highlights includes: the Supreme Court’s decision in Bilta (UK) Ltd and the scope of fraudulent trading under section 213 of the Insolvency Act 1986 (IA 1986), an examination of the restructuring plan sanctioned for Re Sino-Ocean Group Holding Ltd, the revocation of the recognition status of the Institute of Chartered Accountants Ireland (CAI) as a Recognised Professional Body (RPB), plus a round-up of other news and cases for restructuring and insolvency professionals.

Insolvency Service reports 12-year directorship disqualification over BBL breach

The Insolvency Service reports a 12-year directorship disqualification order against Joseph Harrison, former director of South East Commercials Ltd, for obtaining multiple coronavirus bounce back loans (BBL) in breach of scheme rules. Harrison has been ordered to repay £38,295 and the disqualification, effective from 6 May 2025, was made under sections 6 and 15A of the Company Directors Disqualification Act 1986. The investigation found Harrison had obtained two £45,000 loans when the scheme permitted only one per company. South East Commercials Ltd was dissolved in January 2025.

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