Survey on the practical impact of the Novalpina High Court judgment on MVLs (15 December 2025)

Published:

R3 are requesting urgent input from members through a short, non-leading survey. The data and balanced feedback we collate will be invaluable.

The High Court judgment in NOAL SCSp & Ors v Novalpina Capital LLP & Ors has generated significant discussion across the insolvency profession as to whether or not the decision presents practical challenges for Insolvency Practitioners (‘IPs’) acting as liquidators in Members’ Voluntary Liquidations (‘MVLs’). As the leading voice for the restructuring and insolvency profession, R3 is compiling comprehensive, objective data to inform our next steps and ensure that the practical issues faced by our members are understood, including whether members think there are in fact any practical challenges of note.