Hopes for EU recognition dashed? Restructuring Plans under Part 26A of Companies Act 2006 are insolvency proceedings under the Lugano Convention

A recent judgment in Re Gategroup Guarantee Limited held that arrangements under Part 26A of the Companies Act 2006 are not enforceable under the Lugano Convention. This is a significant judgment post-Brexit and this article by Emma Burroughs briefly summarises the judgment and the issues arising from it.

Related briefings

‘Tax Day’ – government continues its campaign to tackle non-compliance

In the UK’s first ever ‘Tax Day’ on 23 March 2021, the government released more than 30 consultation documents relating to the future landscape of the UK tax regime. Whilst these documents scrutinised how taxes should be paid, opportunities for simplification and the potential of digitalisation, it was tackling non-compliance which was firmly in the spotlight once again. Tax & estate planning Partner, James Austen, gives his opinion on the proposed measures.

Latest Briefings

Romanian draft law on 5G technology under strong criticism from both public authorities and private stakeholders

The Draft law on the adoption of certain measures concerning informatic and communications infrastructures of national interest and the conditions for deployment of 5G networks initiated by the former Ministry of Transportation, Infrastructure and Communications has undergone a new series of examinations from the relevant public authorities as part of the legislative procedure.

Insurance Bulletin Spring 2021

Although the full impact of Covid-19 on the re/insurance industry remains unclear, the need to retain capital to meet potential losses has contributed to a general hardening of the market after 15 years of soft market conditions characterised by excess capacity, low prices and more relaxed policy terms.

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Newcastle United fails to dismiss Blackstone QC from arbitration panel

Newcastle United (NUFC) has been unsuccessful in its bid to have Blackstone’s Michael Beloff QC dismissed as an arbitrator in the club’s dispute with the Premier League. NUFC, which is owned by Mike Ashley, is currently engaged in arbitration proceedings with the Premier League over the failed takeover of the club. The club brought the […]

The Lawyer Career Clinic webinar: Keep your career alive while WFH

Trainees and associates are invited to join our career clinic live webinar next week, 17 March at 1pm. In this live web event, our panel of experts will look at the challenges of working from home as a junior lawyer. How can you stay motivated working in your kitchen? What can you do to keep […]

Barrister of the week: Littleton Chambers’ Gavin Mansfield QC

Sir Philip Rutnam’s recently settled case against the Home Office was a unique piece of politically sensitive litigation handled by the head of Littleton Chambers, Gavin Mansfield QC (Call: 1992). Concerning a permanent secretary suing for breach of employment rights in the Employment Tribunal, with allegations of bullying against the Home Secretary Priti Patel, this […]

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