January was bleak as insolvencies hit unwelcome peak

The number of company insolvencies rose 11 per cent year-on-year to 1,971 across England and Wales in January 2025, according to data from the Insolvency Service. It was the highest level registered in January for more than five years. This rise in corporate insolvencies is down to an increase in the number of Creditors’ Voluntary Liquidations and…

Insolvency and arbitration: A landmark judgment in Sian Participation Corp v Halimeda International Ltd [2024] UKPC 16 | Canada | Global law firm

Introduction The Privy Council has considered an appeal from the Court of Appeal of the Eastern Caribbean Supreme Court, originating from the courts of the British Virgin Islands (BVI), and delivered a landmark judgment in Sian Participation Corporation (In Liquidation) v Halimeda International Ltd [2024] UKPC 16. This decision engages the competing public…

Advance data reveals March was lethal month for many firms

While March’s official statistics and details of insolvencies won’t be confirmed by the government’s Insolvency Service (IS) until April 25, an agency that supplies data on companies in distress for those seeking to “capitalise on crisis” has warned that the month saw businesses collapsing at an alarming rate. London-based agency Administration List, which sells speculators…