Prashan Patel

Is it enough for a director to sincerely believe they are acting in the company's best interests, even if they conceal their real strategy from the rest of the board? The UK Supreme Court has now answered no. Christopher Jones and Russ Parkin consider the Court's decision in Saxon Woods Investments Ltd v Francesco Costa [2026] UKSC 21 and what it means for boards, minority shareholders and insolvency officeholders assessing directors' conduct.

Can a creditor petition to make an individual bankrupt in England & Wales on the back of a foreign court judgment that has not been recognised and is unregistrable? The Supreme Court has now answered yes. Russ Parkin and Christopher Jones consider the court’s decision in Drelle v Servis-Terminal LLC [2026] UKSC 29 and what it means for creditors holding foreign judgments who are considering insolvency proceedings in the jurisdiction.

Prashan Patel explores five questions that separate the books that recover value, from the books that don’t. Once the security is gone, where does the value actually sit? With unsecured exposures, the value rarely lies in the borrowing entity, it lies in the people behind it. Personal guarantors, promoters, ultimate beneficial owners and directors often hold the recoverable wealth, particularly where lending was supported by personal guarantees or where directors acted improperly.