Rian Matthews and Dr Max Oehm from Baker McKenzie have published an article in the Butterworths Journal of International Banking and Finance Law. The article looks at the applicability of English court Schemes of Arrangement under the Hague Convention on Choice of Court Agreements.

The authors examine the future of English Schemes of Arrangement after Brexit, and consider how English schemes might be enforced under the Hague Convention both in Europe and in other states which have acceded to the Convention.

The Department for Business, Energy & Industrial Strategy (BEIS) has published a new updated set of draft regulations requiring large UK companies to publicly report how quickly they pay their suppliers. The new rules are intended to come into force in April 2017.

The aim of the legislation is to increase transparency of payment practices by large companies and to give smaller suppliers better information about which companies are poor payers. The government hopes that these new reporting requirements will drive improvements in payment practices and, in particular, reduce late payment and cash-flow problems for small and medium sized businesses in the UK.