Insolvency storm is a long way from blowing over

by Katerina | Nov 14, 2023 | News

Soaring interest rates and stubborn inflation forced 2,315 businesses into insolvency in October 2023, up 18% on the same month last year and above pandemic levels. The vast majority (82%) were Creditors Voluntary Liquidations (CVLs) – directors throwing in the towel ...

Promising crypto ‘stability’ won’t stop near-term bankruptcies

by Katerina | Nov 7, 2023 | News

Hot on the heels of 30-year old cryptocurrency king Sam “SBF” Bankman-Fried being found guilty by a New York jury of one of the biggest frauds in American history, City watchdogs the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) are...

Sanctions Expertise

by Katerina | Nov 2, 2023 | News

Buchler Phillips is pleased to extend its core offering with a new, topical focus on sanctions expertise. Our appointment as Administrator to CargoLogicAir Limited, a highly profitable British business which suffered as an unintended consequence of sanctions against...

Get a Wiggle on to plan next debt funding move

by Katerina | Oct 24, 2023 | News

Sporty readers of a certain age will be familiar with a social stereotype of recent decades: the MAMIL – Middle Aged Man in Lycra. Often heading a queue of overtaking traffic at weekends, these cyclists clad in spray-on ‘technical’ apparel breathed new life into 21st...

Discussion on «The case of CargoLogicAir Limited and the impact of sanctions imposed on its Russian owner»

by Katerina | Oct 23, 2023 | News

When we gave our talk on this matter as part of the ICAEW’s Restructuring & Insolvency Conference back in June, we were met with comments from many people in the profession expressing disbelief that the situations we described had actually occurred. How...