August 21, 2018

August 20, 2018

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Insolvency Practice Direction 2016 now in force

The new Insolvency Practice Direction 2016 has finally been given approval by the Lord Chancellor and came into force yesterday (25 April) bringing with it changes to reflect the new Insolvency Rules 2016 and recent changes to the CPR.  The new practice direction replaces that of 2014 with immediate effect.  Key changes include:

  1. clarity on the various routes to appeal in insolvency matters;
  2. changes to how bankruptcy petitions can be served where personal service is not practicable;
  3. provisions regarding e-filing in light of the current e-filing pilot scheme; and
  4. new guidance on unfair prejudice petitions.

A link to the Practice Direction is available to read here.

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About this Author

Cathryn Williams, Squire Patton Boggs, Finance Attorney,
Partner

Cathryn Williams is a partner who leads the London Restructuring & Insolvency Practice Group. She acts for banks, financiers, insolvency practitioners, officeholders, corporates and private equity and distressed lenders in all aspects of non-contentious and contentious insolvency, restructuring, fraud and asset recovery.

Cathryn has a wealth of experience in restructuring, formal insolvencies, insolvent business sales and purchases and insolvency litigation. She has worked with businesses in a wide variety of industries including retail,...

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