We have updated our guide setting our the financial support measures available to companies with updates from Germany, Slovakia and Czech Republic.  Click here to access the updated guide.…

On Friday, 19 June 2020, the UK government announced that it would be extending existing measures to protect tenants from eviction over summer. In summary, the new measures include: Extending the moratorium on forfeiture from 30 June 2020 to 30 September 2020 Preventing landlords from exercising Commercial Rent Arrears Recovery (“CRAR”) unless they are owed 189 days of rent Banning the use of statutory demands and winding up petitions where a company cannot pays its…

As previewed in our prior post, Poland’s simplified restructuring proceeding (uproszczone postępowanie restrukturyzacyjne) is now in effect. The enabling legislation – with only minor changes from the description in our prior post affecting such restructurings – was finally adopted on 19 June 2020, signed into law on 23 June 2020 and took effect the same day. Debtors have until 30 June 2021 to retain a restructuring advisor and commence the new proceeding, which operates…

Our guide sets out how different jurisdictions are changing their Insolvency Laws to help alleviate additional pressures placed on businesses as a consequence of cash flow pressures caused by COVID-19. We have updated our guide to include further changes to insolvency laws in Italy and Japan. Click here  …

We have updated our European & Middle Eastern Government Financial Support guide, which sets out what financial support businesses in different jurisdictions could access to help manage financial distress caused by Covid-19.  We have updated this with new details for: France Czech Republic Italy Slovakia To access the updated guide – click here  …

This week the House of Lords debated tabled amendments to the Corporate Insolvency and Governance Bill and the provisions will be examined by the Lords again next week.  There was plenty of debate about whether the proposed new processes protect the interests of third parties such as employees, banks and pension creditors but largely, the amendments being taken forward focus on the position of lenders and the potential consequences of bank debt being accelerated.  We…

Our guide sets out how different jurisdictions are changing their Insolvency Laws to help alleviate additional pressures placed on businesses as a consequence of cash flow pressures caused by COVID-19. We have updated our guide to include further changes to insolvency laws in the UK, Poland and Italy.  …