LEXLAW Solicitors & Barristers
A government guarantee protects the lender, not the director who signed. This guide explains how personal guarantees work under the Growth Guarantee Scheme, Bounce Back Loans and CBILS, what exposure directors still face, and where a guarantee can be challenged before or after a lender’s demand.
The Supreme Court has settled a question that has troubled cross-border insolvency practitioners for years: whether a creditor can petition for bankruptcy using a foreign judgment that has never been through English recognition proceedings. Drelle v Servis-Terminal LLC [2026] UKSC 29 confirms they can, reshaping the options available to creditors holding judgments from Russia, the US, China and other non-treaty jurisdictions, while leaving debtors’ substantive defences firmly intact. Here’s what changed, and what it means for you.
We successfully annulled a bankruptcy order against our client after HMRC failed to properly serve notice of a key hearing. Mr. Gaster proved this procedural error denied him the chance to present evidence of his ability to pay. The court’s judgment emphasized due process under Rule 10.23 of the Insolvency Rules 2016, exposing flaws in HMRC’s conduct and evidence on the adjournment notice.
Nothing left to load.