Businesses worldwide are feeling the pressure of historic inflation and rising interest rates. UK insolvencies have reached their highest level since 2009, while numbers are also increasing in Australia, Canada and China.
This article examines the latest restructuring and insolvency trends – including zombie companies, landmark court decisions, and new legislation in Canada and the EU.
‘Zombie companies’ could lead to a wave of insolvencies
Filed under:
Australia, Canada, China, European Union, Global, Hong Kong, Singapore, Spain, United Kingdom, USA, Insolvency & Restructuring, Lexology, Blockchain, Cryptocurrency, Insolvency, European Commission, HM Revenue and Customs (UK), Corporate Insolvency and Governance Act 2020, Chapter 11, US Bankruptcy Code, Supreme Court of the United States, Singapore High Court
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