Bankruptcy Law News and Insights

When the Corporate Insolvency and Governance Act 2020 (CIGA) introduced the restructuring plan in England, comparisons with plans of reorganization under chapter 11 of the United States Bankruptcy Code (U.S. Bankruptcy Code) were inevitable. A rundown of the similarities between the two processes is easy: both are court-sanctioned and based...

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Avid readers of this blog, insolvency aficionados, or anyone who may have glimpsed the news over the past year will not have failed to notice that substantial government support packages were put in place to help businesses survive during the COVID pandemic. These measures were particularly important during the various...

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Creditors of distressed businesses are often frustrated by shareholder-controlled boards when directors pursue strategies that appear to be designed to benefit shareholders at the creditors' expense. In these circumstances, creditors might consider sending a letter to the board to convince the directors to pivot and adopt alternative strategies or face...

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