The Government published its Corporate Insolvency and Governance Bill on 20 May 2020, which will implement the most significant reform to the UK’s insolvency framework in decades. In addition to permanent landmark changes, including introducing a business rescue moratorium and new restructuring plan, the Bill contains a number of temporary measures to help businesses respond to the COVID-19 crisis.
Key Takeaways |
Introduction
United Kingdom, Insolvency & Restructuring, Chadbourne & Parke LLP, Shareholder, Debtor, Unsecured debt, Marketing, Debt, Liability (financial accounting), Secured creditor, Liquidator (law), Valuation (finance), Insolvency Act 1986 (UK)
Introduction
United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Chadbourne & Parke LLP, Shareholder, Unsecured debt, Retirement, Liability (financial accounting), Tax deduction, Holding company, Investment funds, The Pensions Regulator (UK), Lehman Brothers, Insolvency Act 1986 (UK), Pensions Act 2004 (UK), High Court of Justice (England & Wales)
Background
United Kingdom, USA, Derivatives, Insolvency & Restructuring, Litigation, Securitization & Structured Finance, Chadbourne & Parke LLP, Bankruptcy, Collateral (finance), Default (finance), Collateralized debt obligation, Deed of trust (real estate), Credit default swap, Lehman Brothers, Insolvency Act 1986 (UK), Trustee, Court of Appeal of England & Wales, High Court of Justice (England & Wales), United States bankruptcy court