Insolvency

Profession remains resilient in the face of COVID-19

HM Courts & Tribunals Service (HMCTS) has updated its Money Claim Online user guide.

The Conference on European Restructuring and Insolvency Law (CERIL) has reported that a CERIL Working Party conducted a survey on issues of international jurisdiction for individual legal cross-border actions that ‘derive directly from public collective insolvency proceedings and are closely linked with them’. 

The Parliamentary Under Secretary of State at the Ministry of Justice, Lord Wolfson, has approved and signed a temporary Insolvency Practice Direction (TIPD) on behalf of the Lord Chancellor.

An agreement scheduled to a Tomlin order can be a regulated consumer credit agreement and therefore unenforceable if there was non-compliance or the creditor was not authorised, the Court of Appeal has held.

Money owed to debtor can be set off against amount to be repaid

By Monica Barton, Lorène Sani and Delphine Zhuang of international law firm Winston & Strawn