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Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Corporate Rescue Reanimated
AU - Wood, John
PY - 2024/7/29
Y1 - 2024/7/29
N2 - The CIGA 2020 reforms designed to aid corporate rescue outcomes in the United Kingdom have had two significant effects. First, the implementation of the permanent measures contained in CIGA 2020 has further shifted the UK’s insolvency framework towards a business rescue culture more associated with the debtor-in-possession model. Second, the introduction of a standalone moratorium along with the Part 26A restructuring plan has moved the focus further away from its traditional creditor-friendly approach to one that is pro-debtor. The extent and significance of both the creditor and debtor regimes and the policy direction created by CIGA 2020 is critiqued in this article.
AB - The CIGA 2020 reforms designed to aid corporate rescue outcomes in the United Kingdom have had two significant effects. First, the implementation of the permanent measures contained in CIGA 2020 has further shifted the UK’s insolvency framework towards a business rescue culture more associated with the debtor-in-possession model. Second, the introduction of a standalone moratorium along with the Part 26A restructuring plan has moved the focus further away from its traditional creditor-friendly approach to one that is pro-debtor. The extent and significance of both the creditor and debtor regimes and the policy direction created by CIGA 2020 is critiqued in this article.
M3 - Journal article
JO - Journal of Business Law
JF - Journal of Business Law
SN - 0021-9460
ER -