Restructuring Measures to Combat the Effects of COVID-19

In these unprecedented times, all businesses will be facing issues they have never encountered before. The disruption caused by the measures imposed to combat the COVID-19 outbreak are significant and wide-reaching, impacting every business and its suppliers, customers, workforce, investors and lenders.

Filed under:
United Kingdom, Insolvency & Restructuring, Crowell & Moring LLP, Force majeure, Coronavirus, HM Revenue and Customs (UK)
Authors:
Cathryn Williams , Paul Muscutt , Andrew J. Knight , Simon Evers , Beth Bradley , Amanda Kwagala
Location:
United Kingdom
Firm:
Crowell & Moring LLP
Cross border insolvency in light of CIGA 2020: what now for liens, set off, and termination rights?

Part 1: termination rights

The Corporate Insolvency and Governance Act 2020 (CIGA 2020) introduces important changes to the operation of cross-border insolvency regulations and impacts more broadly on the potential remedies available in the maritime sector to recover debts. In this two-part series, we consider first CIGA 2020, the Cross-Border Insolvency Regulations 2006 (CBIR) and termination rights, and in the second part, we review CIGA 2020, liens and set-off claims.

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Hill Dickinson
Authors:
Beth Bradley , Elaine Carter
Location:
United Kingdom
Firm:
Hill Dickinson
U.K. Government Faces Urgent Pressure to Reform Insolvency Law

In these unprecedented times, the U.K. government is seeking to preserve U.K. businesses and has already introduced significant measures to achieve that aim, including:

Filed under:
United Kingdom, Insolvency & Restructuring, Crowell & Moring LLP, Coronavirus
Authors:
Cathryn Williams , Paul Muscutt , Andrew J. Knight , Beth Bradley , Mark Forster , Seye Olufunwa
Location:
United Kingdom
Firm:
Crowell & Moring LLP