On 20 May 2020, the U.K. government published the Corporate Insolvency and Governance Bill (the bill), which includes measures designed to help businesses through the COVID-19 pandemic and features important substantive reforms to U.K. restructuring law, whose introduction has been accelerated by the crisis.
COVID-19-Related Measures:
The key temporary measures introduced by the bill are:
Statutory Demands and Winding up Petitions
United Kingdom, Company & Commercial, Compliance Management, Insolvency & Restructuring, Skadden Arps Slate Meagher & Flom LLP, Landlord, Board of directors, Moratorium, Annual general meeting, Coronavirus
In April 2019, the Institutional Limited Partners Association (“ILPA”) released a set of considerations for Limited Partners and General Partners with respect to General Partner-led secondary fund restructurings (the “ILPA Memo”). The ILPA Memo can be viewed here.
USA, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, Weil Gotshal & Manges LLP