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European Restructuring Watch Blog

Articles: 1-10 of 43

Extension of Restrictions on Statutory Demands, Winding Up and Suspension of Liability for Wrongful Trading to 30 June 2021

United Kingdom - March 25 2021 On Wednesday 24 March, the government confirmed that it will be extending the current temporary restrictions on statutory demands and winding-up…

Wear Your Mask, Keep Your Distance and…Update Your D&O Insurance

USA - March 17 2021 The ongoing COVID-19 pandemic and its impact on the global economy have led many businesses to take a close look at whether they would be prepared if…

Manville Channeling Order Still Effective After More Than 30 Years

USA - March 5 2021 In a recent decision, the United States District Court for the Southern District of New York upheld a bankruptcy court order that enjoined a plaintiff…

DeepOcean: The UK’s First Cross Class Cram Down Restructuring Plan

European Union, United Kingdom, USA - March 3 2021 On 28 January, the English High Court handed down the first ever judgment sanctioning a restructuring plan under Part 26A of the Companies Act 2006…

Officers of Selling Companies May Escape Fiduciary Duty Liability But May Be Required to Return Change of Control Payments if Company is Insolvent Post-Closing (Nine West Part 2)

USA - January 29 2021 While there has been much fuss over the recent ruling by the United States District Court for the Southern District of New York in In re Nine West LBO…

European Restructuring Watch Alert: Extension of Restrictions on Statutory Demands, Winding up and Forfeiture to 31 March 2021

United Kingdom - December 9 2020 On 9 December 2020, the UK government gave businesses muchneeded breathing space with an extension of insolvency measures…

Extension on the Temporary Restrictions on Statutory Demands and Winding Up and Other Measures Under the Corporate Insolvency and Governance Act 2020

United Kingdom - September 24 2020 Today the Department for Business, Energy and Industrial Strategy announced that certain temporary measures put in place under the Corporate…

The New Restructuring Plan - In Depth

European Union, United Kingdom - June 19 2020 The new UK legislation for companies in financial difficulty represents a fundamental shift in approach to restructuring in Europe and adds an…

UK Corporate Insolvency and Governance Bill: Highlights

United Kingdom - May 21 2020 On Wednesday 20 May, the Government published the highly anticipated Corporate Insolvency and Governance Bill (the "CIGB"). It legislates for the…

Insolvency laws and coronoavirus (covid-19): government response

United Kingdom - March 30 2020 On 28 March 2020, the Business Secretary, Alok Sharma, announced new insolvency measures to support companies under pressure as a result of the…