Insolvency Proceedings in the UK

This on-demand webinar is available for 14 days after purchase and you may watch the on-demand webinar as many times as you like.

According to several forecasts for 2019, corporate insolvencies are expected to grow this year. Western Europe is projected to lead the increase with the U.K. one of two countries experiencing the most difficult business conditions, according to trade credit insurer, Atradius. And the most recent Insolvency Services figures for England and Wales were 2.6% higher than in the first quarter of 2019 and 11.9% higher than the same quarter last year.

Hear from an in-country attorney about the ins and outs of what occurs before, during and after an insolvency occurs in the U.K.

    What responsibilities do creditors have when debtors file?

    How are the assets of an insolvent company are distributed?

    Are there other options outside of insolvency that offer some relief to debtors similar to Chapter 11 in the United States?

    Can creditors force an involuntary insolvency on a debtor?

These are just some of the questions Larry Coltman, a partner in the Birmingham office of Fieldfisher, will answer about insolvency procedures in the U.K. Join him as he provides a step-by-step look at what happens and gain a basic understanding of what to expect.

About the Speaker

Larry Coltman, Partner, Dispute Resolution, Fieldfisher, Birmingham, England

For more than 30 years, Larry Coltman has advised on all aspects of commercial dispute resolution in the manufacturing and distribution sectors, including raw materials, textiles, engineering, transport, food and chemicals.

Coltman has particular expertise in advising on claims relating to the Commercial Agents’ Regulations 1993. He regularly advises on agency and distribution disputes throughout the EU and acts for both principals and agents. His clients include major PLCs as well as U.K.- and U.S.-based principals exporting goods throughout the EU. He is the U.K. member of a specialist legal working group representing principals and agents in the EU, USA and Commonwealth, and he also advises on franchise claims for franchisors and franchisees.

Coltman frequently advises on complex policy disputes in the credit insurance industry on behalf of insurers, brokers and insureds. Insolvency matters, including contested insolvencies primarily on behalf of creditors, are a major part of his practice. Large retention of title (ROT) claims are a regular feature of his work, including many in notable insolvencies such as Woolworths, Comet, T J Hughes and Republic. He has also been involved in a number of insolvency actions against directors and partners in insolvency businesses.