Although the Trade and Cooperation Agreement (TCA) arrived in time to prevent a wholesale “no deal Brexit,” issues of cross-border cooperation and recognition in relation to insolvency and restructuring proceedings were not...more
3/2/2021
/ Corporate Restructuring ,
Cross-Border ,
Cross-Border Insolvency Regulations (CBIR) ,
Debt Restructuring ,
EU ,
Insolvency ,
Scheme of Arrangement ,
The Model Law ,
UK ,
UK Brexit ,
UK Insolvency Act
Europe's latest legislative response to the recent financial crisis — the Bank Recovery and Resolution Directive (BRRD) — is intended to establish a minimum common toolbox for regulators in each member state to address bank...more
A scheme of arrangement is a tool of English corporate law that has been used in M&A and restructurings for decades. A company implementing a scheme has complete freedom to choose with which groups of shareholders and...more