The Ropes & Gray Business Restructuring team in London was happy to contribute to the recently published 2022 edition of GRR's Europe, Middle East and Africa Restructuring Review with the chapter "England and Wales: Restructuring Reforms Put into Practice".
The chapter provides an overview of current English restructuring and insolvency tools. It focuses in particular on the developments in English restructuring and insolvency law and practice over the course of 2021, as the reforms implemented through the Corporate Insolvency and Governance Act 2020 were put to the test and the impact of Brexit on cross-border recognition began to be felt.
Please reach out to any member of the Ropes & Gray team if you would like to discuss any of the tools or developments highlighted in the chapter.
The significant legislative changes introduced in 2020 were tested in practice over the course of 2021. This chapter considers the impact of these legislative changes and the impact of Brexit on cross-border recognition, as well as providing an overview of the key restructuring mechanisms available under English law.