Welcome to this year’s first issue of the International Restructuring Newswire where our lawyers from around the globe share their insights facing all of us in the restructuring realm.
I expect all will agree that these are unprecedented times with long established trade alliances and international conventions being challenged. As a global firm we strive to reach out to all our clients and friends in all corners of the world to give updated information and advice to help their businesses strive in these challenging times.
In this issue, we look at the latest news and views from both the US and the UK on the hot issues related to liability management transactions, an important decision on business rescue in South Africa, new legislation on the special treatment of perishable fruits and vegetables in Canadian insolvencies, and finally the lessons learnt from the US chapter 11 of Scandinavian Airlines, the first European airline to fly through chapter 11.
We hope you will find these articles useful.
Scott Atkins
Global Head of Restructuring
Sydney
Publication
On 5 August 2025, Companies House announced that identity verification for individual directors and people with significant control over companies (PSCs) will come into effect on a phased basis from 18 November 2025.
Publication
On 1 August 2025, the Supreme Court handed down its judgment in three conjoined appeals concerning the payment of commission by finance lenders to motor dealers in connection with the provision of finance for the hire purchase of cars, where that commission is either not disclosed, or only partly disclosed, to the hirers of the cars.
Publication
.On 25 July 2025 the FCA published Primary Market Bulletin 57 (PMB 57) in which it finalises certain changes to the Knowledge Base, consults on further amendments, and highlights upcoming changes to the National Storage Mechanism and certain UK MAR notification forms.
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