It was great to join my colleagues Alyson Gal and Natalie Raine on our latest Credit Funds podcast, to discuss recent developments in European restructuring regimes, and the implications of these changes to investors in European distressed situations.
We considered the impact of the 2020 Corporate Insolvency and Governance Act (CIGA), including the introduction of the Part 26A restructuring plan.
We also shared our thoughts on the German scheme and the Dutch scheme, each introduced at the start of the year, as well as temporary measures introduced to support companies impacted by the global pandemic.
Whilst recent changes mean that there are more options available to stakeholders in distressed businesses, the European restructuring landscape is becoming increasingly complex, and so it is more important than ever to have clear, succinct and relevant advice.
'...although there are more options on the table, the landscape is becoming increasingly complex, and so that means it will be more important than ever to have clear, succinct and relevant local law advice.'