The Burges Salmon blog

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The Corporate Insolvency and Governance Bill – reform of the UK insolvency regime

The Corporate Insolvency and Governance Bill, which introduces significant changes to the UK insolvency regime alongside various COVID-19 provisions, continues its progress through Parliament
08 June 2020

COVID-19: Rent support in the REF market

A summary of measures to support rental income levels from COVID-19 and lockdown, including #NationalTimeOut and rent support (such as the Furloughed Space Grant Scheme)
30 April 2020

Maximum prescribed part increased from £600,000 to £800,000

On 6 April 2020, the Insolvency Act 1986 (Prescribed Part) (Amendment) Order 2020 came into force increasing the maximum amount of the prescribed part from £600,000 to £800,000
08 April 2020

COVID-19: Government announces insolvency law changes to give directors breathing space

Does the 3-month suspension of wrongful trading provisions, along with other measures, go far enough to enable businesses to weather the COVID-19 storm?

30 March 2020

Publication

Banking and Finance Team: Highlights (2019)

The firm's Banking and Finance team advised on over £5.1bn worth of deals in 2019
12 February 2020

Press release

Burges Salmon advises BDO on Bathstore sale to Homebase

The firm's Corporate Restructuring and Insolvency team has advised BDO LLP on the sale of certain Bathstore.com assets to Homebase Rooms Limited
22 July 2019

Press release

Burges Salmon advises PwC as joint administrators of tReds on rescue sale to New Gray Ltd

The firm’s Corporate Restructuring team advised on the deal, which saved over 150 jobs across the UK shoe retailer’s 21 stores.

15 February 2019

Press release

Burges Salmon advises Causeway Capital Partners on Patisserie Valerie acquisition

The firm's Corporate Restructuring team advised Irish PE fund Causeway Capital Partners on its purchase of Patisserie Valerie, which has been bought out of administration.

14 February 2019

A cautionary tale for directors when declaring dividends

In BTI 2014 LLC v. Sequana SA & Ors [2019], the Court of Appeal upheld the High Court decision that dividends can be challenged as transactions defrauding creditors under the Insolvency Act 1986.
11 February 2019

Insolvency and corporate governance reforms: key considerations for investors

We summarise the key legislative changes planned by government relating to insolvency and corporate governance and focus on what they mean for investors, including the private equity community.
19 September 2018

Office holders take note – judicial help is on hand

The special administrators of MF Global UK asked the court for urgent directions regarding the implementation of a CVA. We look at what the decision means for office holders.
26 June 2018

Carillion liquidation: key considerations for affected parties

In response to Carillion entering liquidation, we summarise the commercial and insolvency issues that affected parties will need to consider before liaising with the liquidator and PwC.
16 January 2018
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