EU forges ahead with restructuring reforms, despite Brexit vote

A recent conference chaired by Glen Flannery, a partner in our Restructuring & Insolvency Group, highlighted an abundance of developments in European restructuring and insolvency laws. These include a baby step towards harmonisation of European insolvency laws as part of the EU’s drive to achieve a capital markets union, an explosion of cases in the commodities sector, more English schemes for foreign companies, a rapid rise in insolvency litigation finance, new laws for dealing with insolvent enterprise groups, and fresh interest in developing a global insolvency convention. Read more.