Expected Changes to the UK Corporate Moratorium

The three year review of CIGA (the Corporate Insolvency and Governance Act) published by the Insolvency Service suggests that we might see changes to the corporate moratorium process – will these address concerns about the process and encourage more insolvency practitioners to recommend its use?

The moratorium aims to protect companies from enforcement action to give a struggling business opportunity to seek advice, negotiate with creditors and agree plans.  In practice (partly due to the support measures from the Government … Read the rest

Jackson’s confirmation expected by end of week after committee deadlocks along partisan lines

Jackson’s confirmation expected by end of week after committee deadlocks along partisan lines

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The Senate Judiciary Committee deadlocked 11-11 along party lines on the nomination of Judge Ketanji Brown Jackson to succeed Justice Stephen Breyer, who plans to retire from the Supreme Court this summer. Despite the tie vote on Monday, Jackson’s nomination can still go to the Senate floor using a procedure known as a discharge petition and a simple majority vote to place Jackson’s nomination on the calendar. Once there, Democrats expect to confirm Jackson before the Senate adjourns for … Read the rest