In-House Insights

Torsion Construction Limited's collapse is a case study in the solvency issues facing even ostensibly successful businesses in the UK construction market.

On 20 October 2026, a "power event" at Google Cloud's London data centre knocked out services for around six hours. Millions of end users were said to be affected, with service providers, including major banks and the courts of England and Wales, among those reported to have experienced disruption. The event has attracted significant media attention. On the same day as the outage, Dame Meg Hillier MP, Chair of the Treasury Committee, wrote to the Governor of the Bank of England and the Chief Executive of the FCA seeking details of the incident's impact on UK financial services, the authorities' response and lessons learned for the resilience of the UK's financial system.

A £260m settlement in the collective proceedings brought by Professor Rodger against Google has been approved by the Competition Appeal Tribunal.

Martyn's Law received Royal Assent on 3 April 2025 and, with statutory guidance now published and Security Industry Authority (SIA) guidance consulted on, commencement is expected no earlier than spring 2027.