UK: Director disqualifications in 2018/19

The Insolvency Service reports that, in 2018/19, there were 1,242 director disqualifications and that, since April 2014, the average length of disqualification is 5.7 years: see here.

UK: Insolvency Service call for evidence on the regulation of insolvency practitioners

The Insolvency Service has published a call for evidence concerning the regulatory framework for insolvency practitioners, in particular the introduction of regulatory objectives and other changes made by Part 10 of the Small Business, Enterprise and Employment Act 2015: see here (pdf).

UK: consultation published - reforms to the regulation of insolvency practitioners

The Insolvency Service has published a consultation paper on reforms to the regulation of insolvency practitioners: see here (pdf).

UK: Insolvency Service consults on proposal for a restructuring moratorium

The Insolvency Service is consulting on a proposal to introduce a restructuring moratorium for companies: see here (pdf). According to the consultation paper:

The moratorium is intended to help companies where the core business is viable but, in order to avoid the prospect of future financial distress or even insolvency, there is nevertheless the need to reach some form of compromise or restructuring. It would provide those companies with the option of a protected breathing space, during which a restructuring could be negotiated and agreed".

UK: pre-pack administrations - SIP16 report

The Insolvency Service has published a report on the operation of Statement of Insolvency Practice 16 for the period July to December 2009: see here (pdf). Amongst the report's finding is the following:

... there is no evidence that the level of reported director misconduct in pre-packs (at least those reported under SIP 16) is any greater than the overall level of misconduct reported by insolvency practitioners generally. Nor is there any evidence in conduct reported by insolvency practitioners to support the view that pre-pack administrations have been cynically manipulated by directors in the vast majority of cases".