Insolvency updates and resources
Guidance for IPs on recent High Court decision about MVLs
- 29 Aug 2025
The recent first instance High Court decision of Noal SCSP & Ors v Novalpina Capital LLP & Ors [2025] EWHC 1392 (Ch) contradicts the long-standing approach taken by much of the insolvency profession to Members Voluntary Liquidations (“MVL”). Read guidance on what steps insolvency practitioners can take in light of the decision, ahead of the conclusion of an appeals process.
Proposed changes to SIP 14: A Receiver’s Responsibility to Preferential Creditors
- 11 Jun 2025
Following a review, the Joint Insolvency Committee (JIC) has decided that Statement of Insolvency Practice 14 should be updated not only to reflect the introduction of HMRC’s secondary preferential status in 2020 but also extended to apply to all types of insolvency appointment, not just receiverships and to apply in all of the jurisdictions.
Revised Statement of Insolvency Practice 14: the Cinderella SIP?
- 20 Aug 2025
Insolvency practitioners will have recently been alerted to the fact that the Joint Insolvency Committee is consulting on revisions to Statement of Insolvency Practice 14 – a receiver’s responsibility to preferential creditors (SIP 14).
Updated Code of Ethics for insolvency practitioners
- 06 Aug 2025
Approved by the Joint Insolvency Committee and issued by ICAEW, the Institute of Chartered Accountants of Scotland and the Insolvency Practitioners Association, the main revisions, which include changes relating to professional behaviour, role and mindset, and technology.
Insolvencybites: the impact of changes to the Insolvency Code of Ethics
- 27 Aug 2025
Tune in to the latest Insolvencybites video to hear what to expect from updates to the Insolvency Code of Ethics which will take effect on 1 October 2025.
Insolvencybites: case progression
- 27 Aug 2025
Allison Broad, Head of Insolvency Monitoring at ICAEW, explains why case progression is a key focus during monitoring visits. Outlining common causes of delay, including HMRC claims, and tips to help insolvency practitioners reduce hold-ups.
CPD opportunities, events and recordings
Roadshow 1: Monitoring review hot topics
- 03 Sep 2025
Hear from Allison Broad, Head of Insolvency Monitoring, ICAEW and Victoria Alexandrou, Manager, ICAEW about 2025's hot topics and the issues coming out of recent insolvency monitoring visits. Allison and Victoria will also explain some recent and upcoming technical changes.
Roadshow 2: The fundamental principle of professional competence and due care
- 17 Sep 2025
In this session Victoria Alexandrou, Manager, ICAEW will take a look at the five fundamental principles in the Insolvency Code of Ethics. Justine Carruthers, Head of Insolvency Investigations, will then take a deep dive into the principle of Professional Competence and Due Care, and the types of actions that can result in a breach. Victoria and Justine will also explore the insolvency common sanctions guidance and how this is used when considering regulatory and disciplinary cases.
Roadshow 3: Legal update
- 02 Oct 2025
The third of our 2025 insolvency roadshows is a legal update presented by Oliver Ward-Jones, a director in the Restructuring & Insolvency Practice Group of Squire Patton Boggs. Oliver will review some of the key insolvency cases in 2025 and explain why they are important for IPs.
ICAEW Restructuring and Insolvency Community Belfast roadshow
- 25 Sep 2025
This is ICAEW’s Restructuring & Insolvency Community’s first in-person event in Belfast and will provide valuable CPD as well as a chance to meet ICAEW’s insolvency monitoring team and to network with other attendees.
Financial sanctions guidance for insolvency practitioners
- 26 Aug 2025
Since 14 May, High Value Dealers, Art Market Participants, Letting Agents and Insolvency Practitioners are legally required to comply with relevant firms reporting obligations in the UK. If you know or suspect you’re dealing with a sanctioned individual or entity during your work, you’ll now be legally required to report it to the Office of Financial Sanctions Implementation (OFSI).
Dealing with complaints (effective from 1 October 2025)
- 06 Aug 2025
- PDF (105kb)
From 1 October 2025, updates to the “Insolvency Guidance Paper: Dealing with complaints” will take effect. Read about what’s changed.
PII requirements: What changed on 1 September 2024?
- 05 Apr 2024
Last year, the ICAEW Regulatory Board, working collaboratively with the Professional Indemnity Insurance Committee (PIIC), launched a review of ICAEW’s insurance requirements. A consultation relating to proposed changes ran between 18 October and 14 December 2023. Following careful consideration of the feedback we received, some of the proposals were taken forward and came into effect on 1 September.
Turnaround, Restructuring and Insolvency Awards
- 11 Aug 2025
We are delighted that our Director of Quality Assurance, Bob Pinder, has been selected as a judge at the TRI Awards to recognise excellence in the fields of turnaround, restructuring, and insolvency.
HMRC bulletins and updates
HMRC bulletin: dedicated mailbox for invoice submissions
- 20 Aug 2025
In HMRC’s latest bulletin for insolvency practitioners, they provide guidance on best way to contact them to avoid delays when settling invoices.
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Further resources
Insolvency news
Insolvency News is an update produced by ICAEW's Professional Standards Department. Here you’ll find the latest regulatory information and resources.
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