Insolvency Bitesize - February 2021
23 February 2021
In this first ‘new look’ Insolvency Bitesize, we reflect on what some of the key legal and market themes might be in the year ahead.
Against that backdrop, this edition focusses on a broad range of recent insolvency developments. We kick-off with a piece featuring the National Security and Investment Bill and show how it might affect insolvency sale transactions. We cover recent decisions on the extent of an administrator’s duty of care to bidders, the impact a deed of priority had on the enforceability of a floating charge for the purposes of Paragraph 16 of Schedule B1 and highlight the court’s continued development of its approach to dealing with procedural failures when appointing administrators out-of-court. We take a broad overview of insolvency developments in the financial services sector and then conclude this edition by highlighting how even post Brexit, COMI will remain a key part of the UK insolvency lexicon.