Accountability is the major theme of the recent government consultation regarding ‘Insolvency and Corporate Governance’, which follows high profile failures such as BHS and Carillion. The consultation contains proposals...more
Schemes of arrangement remain a popular tool for companies to reach a compromise with their creditors and effect complex multi-jurisdictional restructurings. In this article, we highlight a number of recent judicial decisions...more
10/17/2017
/ Brussels Regulation ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Debt Restructuring ,
EU ,
Exceptions ,
Insolvency ,
Jurisdiction ,
Member State ,
Scheme of Arrangement ,
Share Class Structures ,
Share Classes ,
Shareholder Votes ,
UK
98% of the liabilities of Lehman Brothers International (Europe) (in administration) (“LBIE”) were denominated in non-sterling currencies. The fall in sterling after LBIE entered administration resulted in significant paper...more
The European Commission (EC) announced proposals on 22 November 2016, which are intended to harmonise national insolvency laws across the EU through a proposed directive “on preventative restructuring frameworks, second...more
12/21/2016
/ Capital Markets Union ,
COMI ,
Commercial Bankruptcy ,
Corporate Restructuring ,
EU ,
EU Single Market ,
European Commission ,
Insolvency ,
International Harmonization ,
Member State ,
UK ,
UNCITRAL