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There were a couple of interesting insolvency stories that came to light over the weekend. The first is redolent of the famous case Re London Wine Co (Shippers) Ltd  PCC 121, a case that every undergraudate who reads equity and trusts will engage in. It will be interesting to see what legal issues the recent case throws up. See the Telegraph's treatment here and the BBC's here.
Elsewhere, Accountacy Age have an interesting piece on a group of Tory MPs who are striving to reform our insolvency laws. We have been here before - do these policy makers do no reading? For my last critique of similar proposals see here and here.
"This is the ultimate statement of where the law on IVAs is to be found in our great common law...