High Court to rule on business interruption insurance

David Elliott is a chartered accountant and insolvency practitioner for CVR Global, with over two decades’ worth of experience with corporate recovery, business and personal insolvency. The Covid-19 pandemic has brought previously unseen disruption and closure of businesses – with many now looking to secure cover for losses under business interruption policies. These unprecedented circumstances …

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Corporate Insolvency and Governance Bill – part 1

Corporate Insolvency and Governance Bill (‘CIGB’) (‘the Bill’) The CIGB has been keenly anticipated after the Government announced in March 2020 that it intended to introduce further temporary provisions designed to alleviate and mitigate some of the economic damage being wrought by the COVID-19 pandemic.  The insolvency profession and business professionals have been pouring over …

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CVR Global appointed as administrators of Johnsons Shoes Company

Johnsons Shoes Company, which operates 12 stores under the brands Johnsons Shoes and Bowleys Fine Shoes, has entered administration after succumbing to the impact of the Coronavirus pandemic. The retailer – which first opened its doors over 50 years ago – has stores in Windsor, Newbury, Staines, Teddington, East Sheen, New Malden, Twickenham, Walton-on-Thames, Northwood, …

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How the construction industry can keep building during unprecedented times

The construction industry was building the foundations for a recovery prior to the Covid-19 pandemic, but with the future now looking increasingly uncertain, CVR Global’s Jason Maloney considers how the industry can keep on the straight-and-narrow during one of the most unprecedented periods in history. UK construction took the unwanted label of having the most …

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CVR Global facilitates pre-pack administration, saving 22 jobs at law firm

A Northampton law firm has assisted one of its local counterparts in financial difficulty, saving 22 jobs. Borneo Martell Turner Coulston LLP has purchased the current client base of Scott Fowler LLP – which stands at more than 1,000 clients – and all of Scott Fowler LLP’s staff have also transferred to the buyer. The …

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Declining number of insolvencies could continue

A trend of declining insolvencies stands a strong chance of gathering pace over the coming months, according to one of CVR Global’s insolvency and restructuring experts. The Insolvency Service has released its Company Insolvency Statistics for January to March, which saw 3,883 firms entering into insolvency – an 8.5 per cent reduction on the previous …

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Arbitration and Expert Determination – Taking back control

The courts are showing commendable flexibility in adjusting to the COVID-19 restrictions. The use of video technology is certainly helping to keep the wheels of justice turning. But there will undoubtedly be delays and frustrations in the coming months. It is worth reminding those involved in business disputes that there is an alternative that may …

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An overview of current trends seen by CVR Global’s offshore offices

Notwithstanding current international instability, CVR Global’s offshore services in the BVI and Jersey continue to operate, albeit with remove working practices as required. We have seen a recent uptick in the demand for both contentious insolvency solutions, as well as non-contentious restructuring, reorganisation and solvent liquidation procedures.   Key drivers of the recent demand for …

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