Thursday, February 11, 2021
At the start of 2020, we considered what changes the UK restructuring and insolvency market might expect to see during the year – however no one could sensibly have predicted the significant and far reaching impact of COVID-19.
In part 1 of our blog, we look back at 2020 and look forward to what the UK restructuring market can expect in 2021 considering the new Insolvency Laws, expected Rule changes, pre-pack sales and practice and procedural points.
Insolvency Laws – all change in 2020, what about 2021?
Last year we saw the proposed corporate insolvency reforms fast tracked into the legislative books making both temporary and permanent changes to the UK’s insolvency laws. See our Quickguide on Changes to the UK Insolvency Regime – what the Act means for UK Businesses as a useful overview of the changes.
FGR pide permiso a testigos que declararon contra Roberto Sandoval
milenio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from milenio.com Daily Mail and Mail on Sunday newspapers.
Busca FGR proteger a testigos que declararon contra el exgobernador de Nayarit, Roberto Sandoval
rancherita.com.mx - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rancherita.com.mx Daily Mail and Mail on Sunday newspapers.
Introduction
The COVID-19 pandemic has had a profound impact on the shipping industry and led to many disputes. However, owing to the prevalence of arbitration in resolving shipping disputes, and the time taken for cases to progress through the courts, there have been few reported cases detailing the pandemic s impact on the industry. In January 2021 the Admiralty Court handed down one of the first judgments dealing with this matter in
P&O Princess Cruises International Ltd v The Demise Charterers of the Vessel Columbus ([2021] EWHC 113 (Admlty)).
Facts
Two cruise ships, the Columbus and the Vasco da Gama (the vessels), formed part of the Cruise and Maritime Voyages (CMV) fleet and were demise chartered to single purpose companies within the CMV Group (Lyric Cruise Ltd and Mythic Cruise Ltd, respectively).