The UK Government’s response issued on 26 August 2018 confirms that the UK corporate restructuring toolbox will change (and expand).
Some of the proposed changes could be significant for borrowers, creditors and distressed investors, potentially impacting their decision-making in future restructuring scenarios. We are encouraged to see that the UK Government is considering how to ensure that UK proceedings remain competitive in a post-Brexit world.
Please see full publication below for more information.