News of the failure of Silicon Valley Bank in the United States has dominated headlines over the last few days. Late yesterday, Friday, 10 March 2023, the Bank of England made an announcement about the status of Silicon...more
3/13/2023
/ Bank of England ,
Banks ,
Commercial Loans ,
Contract Terms ,
Counterparties ,
Deposit Accounts ,
Insolvency ,
ISDA ,
Silicon Valley ,
UK ,
UK Insolvency Act
The Corporate Insolvency and Governance Act 2020 received royal assent on 25 June 2020. Many of the provisions of the act are based on the bill which was initially proposed pre-COVID-19, with a framework having been set out...more
9/15/2020
/ Board of Directors ,
Breach of Contract ,
Contract Termination ,
Coronavirus/COVID-19 ,
Corporate Governance ,
Corporate Restructuring ,
Creditors ,
Debtors ,
Goods or Services ,
Insolvency ,
Lenders ,
Moratorium ,
Personal Liability ,
Suppliers ,
Supply Contracts ,
UK ,
UK Companies Acts ,
UK Insolvency Act ,
Winding Up Petitions ,
Wrongful Trading
The guidance set out in this document is provided for the benefit of UK directors in order to address certain potential insolvency-related risks which may arise as a result of the challenging circumstances affecting many...more
The next recession will be the first to occur since Bitcoin and other crypto-assets became prevalent in UK businesses. This Client Alert highlights how UK courts and insolvency officeholders may deal with crypto-assets in an...more
4/16/2020
/ Bitcoin ,
Creditors ,
Cryptoassets ,
Cryptocurrency ,
Digital Currency ,
Economic Downturn ,
Initial Coin Offering (ICOs) ,
Insolvency ,
Popular ,
Recessions ,
UK ,
UK Insolvency Act