In an effort to alleviate the impact of COVID-19 on UK businesses and encourage the supply of essential goods and services during the pandemic, the UK Government announced plans earlier this year to temporarily suspend wrongful trading laws and to fast track proposed permanent reforms to the existing insolvency regime (these reforms were developed in 2016 and consulted on in 2018).
United Kingdom, Insolvency & Restructuring, Projects & Procurement, King & Wood Mallesons, Due diligence, Coronavirus, UK House of Commons
Two key changes made to Australian insolvency law enhance restructuring efforts in Australia and could improve outcomes for US investors.
The court awarded OpCo Noteholders in excess of $320 million in Make-Whole Amount and post-petition interest, confirming that make-whole is an enforceable liquidated damage claim.
USA, Texas, Insolvency & Restructuring, Litigation, Morgan, Lewis & Bockius LLP, US District Court for Southern District of Texas