United Kingdom: Insolvency/Bankruptcy/Re-Structuring

We have published an article in International Corporate Rescue which considers the availability of third party releases and the possibility of forum shopping to obtain them.

The High Court’s sanction of Waldorf Production UK Plc’s second restructuring plan, Re Waldorf Production UK Plc [2026] EWHC 1014 (Ch), is a useful decision for companies, creditors and restructuring professionals considering a restructuring plan under Part 26A of the Companies Act 2006.

McDermott Will & Emery partners and senior associates examine the evolving landscape of European private credit markets, offering insights into current trends and market dynamics as the industry navigates through mid-year challenges and opportunities. The analysis draws on expertise from the firm's London and Paris offices to provide a comprehensive view of this rapidly developing sector.

When joint special administrators failed to return client assets for over four and a half years after an investment bank entered special administration, the UK High Court delivered two unprecedented judgments. The court ordered an interim distribution of over £11 million and made a landmark costs ruling that stripped the administrators of any right to recoup their costs from client assets, holding them personally liable instead.

The Commercial Court has refused to continue proprietary injunctions against investors who received payments from collapsed UK bridging lender Market Financial Solutions (MFS) before its administration. The court found that investors whose investments were returned before the collapse were bona fide purchasers for value without notice, allowing them to take the monies free of any trust despite MFS's alleged misappropriation of funds intended for mortgage loan origination.

The High Court’s sanction of Waldorf Production UK Plc’s second restructuring plan, Re Waldorf Production UK Plc [2026] EWHC 1014 (Ch), is a useful decision for companies, creditors and restructuring professionals considering a restructuring plan under Part 26A of the Companies Act 2006.