The economic impact of the COVID-19 pandemic led to a wave of creditor schemes of arrangement ("schemes") and restructuring plans ("RPs") in the second half of 2020, which shows no sign of abating in 2021. For the...more
The new UK Corporate Insolvency and Governance Act (CIGA), which took effect in June 2020, ushers in permanent changes to the English insolvency and restructuring landscape as well as temporary, and largely retrospective,...more
9/26/2020
/ CIGA ,
Commercial Bankruptcy ,
Corporate Insolvency and Governance (CIG) Act 2020 ,
Cramdown ,
Ipso Facto Clauses ,
Moratorium ,
Numerosity ,
Popular ,
Scheme of Arrangement ,
UK ,
Valuation
As more Turkish companies begin to report liquidity issues and economic pressures begin to bite, successful financial restructurings are likely to become increasingly critical to the prosperity of the Turkish economy...more
4/15/2019
/ Bonds ,
Chapter 11 ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Credit Institutions ,
Debt Restructuring ,
Depreciation ,
Financial Institutions ,
Foreign Investment ,
Liquidity ,
Scheme of Arrangement ,
Turkey
All three institutions of the European Union have now approved the EU Preventive Restructuring Framework Directive. This is the EU's first attempt to "harmonise" insolvency laws across the Member States, that have disparate...more
1/28/2019
/ Creditors ,
Debt Restructuring ,
Debtors ,
Entrepreneurs ,
EU ,
EU Directive ,
European Commission ,
European Parliament ,
France ,
Germany ,
Harmonization Rules ,
Insolvency ,
Italy ,
Member State ,
New Legislation ,
Scheme of Arrangement ,
Spain ,
UK