IPA exclusive industry update from Insolvency Insider
IPA Insolvency Practitioner newsletter, June 2026
A specially curated selection of the top stories for IPA members from Insolvency Insider Editor, Dina Kovacevic. More information on all the stories and the link to subscribe to the newsletter is here.
Recent Insolvencies
Private equity-backed HF has taken on Rosling King’s London legal team following the firm’s appointment of administrators, completing a same-day deal that preserved about 40 jobs and ensured continuity for clients. The transaction, completed immediately after Kirstie Provan and Mark Fry of BTG were appointed joint administrators on 26 May, adds dispute resolution, insolvency and real estate capability to HF’s London platform and marks another step in the insurance and commercial law firm’s CBPE-backed growth strategy.
Aeralis, the aerospace developer behind a modular light jet platform pitched for military training, operational support and potential Red Arrows replacement requirements, has entered administration after funding pressures and delays to the UK Defence Investment Plan disrupted efforts to keep the programme moving forward. Jo Milner and David Buchler of Buchler Phillips, appointed joint administrators on 15 May, will now work with management and stakeholders to assess strategic options for the business, including whether new investment, a sale or another restructuring route can preserve Aeralis’ technology, intellectual property and partnerships and allow the programme to continue in an alternative structure.
European Cargo has entered administration only months after expanding its UK footprint, with Stuart Morris, Robert Fishman and David Soden of Teneo appointed joint administrators on 3 June. The Bournemouth-based long-haul cargo airline, known for operating Airbus A340-600 aircraft and flying PPE during the pandemic, has ceased trading with 178 job losses after reduced flying activity, working capital strain and fuel costs overwhelmed the business, leaving the administrators to assess remaining value in its aircraft-related assets, customer contracts and operating platform.
Insights
Frances Coulson and Ian Rees of Wedlake Bell summarise a recent case reinforcing that litigation funders pursuing insolvency claims must be ready to prove their standing before seeking early judgment, where the High Court refused summary judgment in a claim assigned from an insolvent company because the respondents had a real prospect of challenging the validity of the CVL, the liquidator’s appointment and the subsequent assignment.
The team at Latham & Watkins analyses how English property and insolvency law may apply to DeFi lending structures, warning that where digital assets are deposited into smart-contract vaults with no identifiable legal person behind them, lenders, borrowers and insolvency practitioners may face unresolved questions over ownership, set-off, collateral recovery and whether any insolvency estate exists at all.
New R3 President Sonia Jordan, a partner at Knights, sets out her priorities for championing the UK restructuring and insolvency profession, strengthening political engagement, modernising the insolvency framework, supporting responsible entrepreneurship, improving talent pipelines and helping members respond to economic pressure and technological change.