On 11 June 2024, Mr. Justice Leech handed down a landmark UK judgment relating to wrongful trading and misfeasance against the former directors of the BHS Group of companies (BHS) pursuant to the Insolvency Act 1986 (IA86).

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Tags: bankruptcy, Corporate insolvency and governance act, GT Insight, insolvency, restructuring, UK
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Photo of John Houghton John Houghton

John Houghton, Co-Vice Chair of the firm’s Global Restructuring & Bankruptcy Practice and Chair of the London Restructuring & Bankruptcy Practice, advises creditors, sponsors, insolvent companies, directors and insolvency practitioners on virtually all areas of international restructurings, insolvency, and corporate rescues. He has…

John Houghton, Co-Vice Chair of the firm’s Global Restructuring & Bankruptcy Practice and Chair of the London Restructuring & Bankruptcy Practice, advises creditors, sponsors, insolvent companies, directors and insolvency practitioners on virtually all areas of international restructurings, insolvency, and corporate rescues. He has a substantial experience of restructuring via schemes of arrangement and the new restructuring process.

John is ranked in the Chambers UK 2024 guide for Restructuring & Insolvency. According to sources, “John is a fantastic commercial lawyer, he is thoughtful and creative,” and “he leads the team with top-class knowledge and experience.” Other commentators note that “he is excellent at explaining complex topics in simple English, and giving a clear and concise recommendation.” John is also recognised in the Restructuring & Insolvency Hall of Fame by The Legal 500 UK 2024, where he is described as “a calm lateral thinker with very good experience of complex restructuring and insolvency assignments.” Other sources note that “John is experienced, has great contacts and is a great problem solver.” In the 2023 edition, John was described as “highly commercial and proactive in getting transactions completed. He has a brilliant can-do attitude and has demonstrated great innovation in getting deals across the line.”

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Photo of Rupert Cheetham Rupert Cheetham

Rupert Cheetham has a broad practice involving restructuring, insolvency and general finance transactions. Rupert advises on fully consensual work-out refinancing transactions, restructuring procedures such as UK schemes of arrangement, restructuring plans and company voluntary arrangements (CVAs), and formal insolvency proceedings. Rupert acts for…

Rupert Cheetham has a broad practice involving restructuring, insolvency and general finance transactions. Rupert advises on fully consensual work-out refinancing transactions, restructuring procedures such as UK schemes of arrangement, restructuring plans and company voluntary arrangements (CVAs), and formal insolvency proceedings. Rupert acts for banks, funds and other financial institutions, as well as sponsors, corporates, directors and insolvency practitioners.

Rupert is recognised for Restructuring & Insolvency in the 2024 edition of The Legal 500 UK, where he is described as “very experienced and solutions-oriented” and lauded for being “a good leader to the team.”

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Photo of Nazmul Miah Nazmul Miah

Nazmul Miah is an associate in the Restructuring & Bankruptcy Practice based in London and provides counsel to a diverse group of stakeholders in relation to formal insolvency processes, including secured lenders, insolvency practitioners, private equity funds, corporates, directors and creditors on both…

Nazmul Miah is an associate in the Restructuring & Bankruptcy Practice based in London and provides counsel to a diverse group of stakeholders in relation to formal insolvency processes, including secured lenders, insolvency practitioners, private equity funds, corporates, directors and creditors on both contentious and non-contentious issues. He has also advised lenders in respect of the validity, enhancement and enforcement of their security, as well as alternative debt restructuring options including in relation to the Part 26A Restructuring Plan.

More recently, Nazmul’s practice has concentrated on transactional and advisory matters with a focus on business turnaround and creative workout solutions.

Nazmul also has an interest in digital assets, including cryptocurrency and its relationship with UK insolvency law, having previously assisted in producing comment for blockchain publications in relation to the crypto winter and the subsequent fall-out.

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