Restructuring Globalview

Current Global and Cross Border Restructuring Matters

Blog Authors

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Stéphanie Faber

Cristina Fernandez

Andreas Fillmann

Maria Fomicheva, Pravo

Latest from Restructuring Globalview

Restructuring Globalview

UPDATED Global Insolvency Report: Impact of Covid-19 on Insolvency Laws

By Emily Davis

May 5, 2021

The most notable changes to our updated guide this week are those impacting Japan where the period of the expanded Employment Adjustment Subsidy has not been extended beyond April 30 2021 and Germany, where the Suspension of the Obligation to File for Bankruptcy expires on 30 April 2021. All other jurisdictions remain largely the same. Please click here to see our updated guide.…

Restructuring Globalview

Updated: Guide To Financial Support Measures Across Europe And The Middle East

By Emily Davis

May 5, 2021

Our most recently updated guide includes updates for the Czech Republic, France, UK, Italy, Germany, the Slovak Republic and the UAE, notably: Czech Republic There have been updates to: The deadline for submitting applications for the COVID-lease programme has now expired. A new COVID-2021 programme has been introduced. A new COVID Uncovered Costs programme has been introduced. There has been an update to the Compensation Bonus Scheme. France A new state-guaranteed equity loans and subordinated…

Restructuring Globalview

You Shall Not Pass – Bankruptcy Court in Intelsat Grants Debtors’ Motion to Seal Hearing

By Kyle Arendsen

April 29, 2021

On April 19, 2021, the United States Bankruptcy Court for the Eastern District of Virginia granted a motion (the “Seal Motion”) filed by the Intelsat S.A. debtors (the “Debtors”) to seal the hearing on the Debtors’ motion to extend exclusivity and motion to compel plan mediation. Although bankruptcy courts routinely grant motions to seal content included in pleadings, it is uncommon for a court to prevent certain parties, or the general public, from attending a…

Restructuring Globalview

The “Debt Respite Scheme” Regulations: More Delay for UK Landlords

By David Holland, Helen Hoath, Michelle Adams, Stephanie Hadley & Francesca Puttock

April 15, 2021

From 4 May 2021 individuals will be able to apply for a moratorium that will provide a breathing space from creditor action. Our property litigation team have produced this alert considering the impact of the new regulations and what they mean for landlords. Whilst the regulation will primarily impact those involved in residential lettings, the alert is also relevant to commercial landlords who let property to individuals.…

Restructuring Globalview

UK Government Consults With Landlords and Tenants on Potential Options for Dealing With Rent Arrears

By Rachael Markham

April 9, 2021

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The UK government has launched a consultation inviting views from stakeholders on options for dealing with rent debt when the existing prohibitions on forfeiture, CRAR proceedings and winding-up petitions end on 30 June 2021. Responses to the consultation can be made here and although participation is voluntary, completing the survey will ensure that the government’s decision as to how it will manage the exit route following the expiry of the temporary measures at the end…

Restructuring Globalview

Pre-Pack Sales to Connected Parties – FAQs (UK)

By Rachael Markham

April 8, 2021

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From 30 April 2021, an administrator will be unable to complete a sale of a substantial part of a company’s property to a connected person without either the approval of creditors or an an independent written option. Our new alert considers the impact of the new regulations in practice, which apply to both pre-packs and post-packs that take place eight weeks of an administrator’s appointment answering questions such as: How does the administrator assess whether…

Restructuring Globalview

Updated: UK Business Viability Guide – understanding director risks and challenges

By Rachael Markham

April 6, 2021

With the UK taking positive steps towards re-opening the economy, businesses will start to see the true impact that lockdown restrictions (and the lifting of those restrictions) have on supply and demand. The UK government has continued to support UK businesses including, most recently, extending the prohibition on winding up petitions and the forfeiture moratorium, but there are still difficult decisions that directors need to make over the coming months. For directors, one of the…

Restructuring Globalview

UK Insolvency Protection Laws Extended – Where Are We Now?

By Rachael Markham

March 30, 2021

The Corporate Insolvency and Governance Act 2020 introduced a number of temporary changes to UK insolvency laws last year. Those changes, together with other measures such as the moratorium on forfeiture proceedings have recently been extended, we assume, to avoid the perceived cliff edge of insolvencies that might follow if such measures are brought to an end abruptly. As with many of the UK government announcements and legislative changes, these have been announced in a…

Restructuring Globalview

The Coronavirus Test: Indirect ‘financial effect’ of coronavirus could be sufficient to defeat a winding up petition (UK)

By Amelia Sharkey

March 29, 2021

Following the UK Government extending the restrictions on winding up petitions until 30 June 2021 it is useful to note two recent cases that have considered the coronavirus test that currently applies to winding up petitions. In the first case Newman v Templar Corp Ltd [2020] EWHC 3740 (Ch) heard before Christmas but only recently reported, the judge took the view that the low threshold test for determining whether coronavirus had had an impact on…

Restructuring Globalview

Pre-Pack Administrations: How Do Administrators Evaluate the Evaluator? (UK)

By Rachael Markham

March 24, 2021

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With fairly swift measure the UK House of Commons approved the ‘pre-pack regulations’ confirming that, with effect from 30 April 2021, before a pre-pack sale can complete creditor approval or an independent written report from an evaluator will be required. The detail about, the now mandatory referral process, can be found in our previous blogs. Who will the evaluator be? This remains one of the biggest unknowns. The only requirements in the regulations about…

Restructuring Globalview

Current Global and Cross Border Restructuring Matters

Blog Authors

UPDATED Global Insolvency Report: Impact of Covid-19 on Insolvency Laws

Updated: Guide To Financial Support Measures Across Europe And The Middle East

You Shall Not Pass – Bankruptcy Court in Intelsat Grants Debtors’ Motion to Seal Hearing

The “Debt Respite Scheme” Regulations: More Delay for UK Landlords

UK Government Consults With Landlords and Tenants on Potential Options for Dealing With Rent Arrears

Pre-Pack Sales to Connected Parties – FAQs (UK)

Updated: UK Business Viability Guide – understanding director risks and challenges

UK Insolvency Protection Laws Extended – Where Are We Now?

The Coronavirus Test: Indirect ‘financial effect’ of coronavirus could be sufficient to defeat a winding up petition (UK)

Pre-Pack Administrations: How Do Administrators Evaluate the Evaluator? (UK)

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