The first half of this year saw a rising number of company insolvencies in England and Wales, which reached their highest quarterly level since 2009 between April and June.
Businesses are facing significant volatility as they negotiate mounting energy costs, interest rate hikes, supply chain strains and the withdrawal of pandemic-related government support.
To assist our subscribers in this environment, Practical Law has been working with restructuring and insolvency (R&I) experts to create industry-specific Q&As designed to support practitioners by providing practical insights into:
- Key trends in R&I activity in each industry.
- Relevant industry-specific legislation and notable cases to be aware of.
- The impact of the Corporate Insolvency and Governance Act 2020.
- Areas of financial distress and insolvency risk in the supply chain, as well as possible strategies to mitigate those risks.
- Distressed M&A opportunities (and risks).
- Key considerations to bear in mind when approaching an insolvency or restructuring process in each industry.
The collection (currently) includes the following Sector notes:
- Restructuring and insolvency in the oil & gas industry: Q&A (Emma Riddle and Jennifer Antonelli, CMS Cameron McKenna Nabarro Olswang LLP)
- Restructuring and insolvency in the construction industry: Q&A (Jennifer Guthrie, Pythagoras Capital Limited)
- Restructuring and insolvency in the renewable energy industry: Q&A (Nick Middleton and Andrew Eaton, Burges Salmon LLP)
- Restructuring and insolvency in the retail energy industry: Q&A (Nick Middleton and Andrew Eaton, Burges Salmon LLP)
- Restructuring and insolvency in the life sciences sector: Q&A (Simon Thomas and Oonagh Steel with contributions from Sophie McGrath, Andrew Harrow and Tim Worden, Goodwin Procter (UK) LLP).
These resources form part of our Practical Law Sectors offering. Sectors pages can be accessed directly from the second tab on the Practical Law homepage. For questions about access to Sectors pages, please contact your Account Manager.
For further Practical Law materials on issues arising more generally in periods of economic instability and recession, see our Recession and economic instability toolkit and How should lawyers prepare for a recession?
