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The IBA’s response to the situation in Ukraine
30 Oct - 4 Nov 2022
Room 233, Level 2
Tuesday 1 November (1115 - 1230)
Banking Law Committee
(Lead)
Influenced by the recommendations of the IMF, the World Bank and other similar institutions, lawmakers are progressively introducing various types of restructuring schemes aimed at assisting distressed businesses to restructure their assets and liabilities in order to restore long-term economic viability and avoid bankruptcy. Concepts such as “best-of-creditors’ interest test” or “absolute/relative priority rule” are paramount to define each legal scheme and assess whether or not creditors’ expected recovery ratios should be enhanced following the introduction of the schemes, the scope of protection offered to secured or preferred creditors, the chances of hold-out creditors blocking the restructuring, etc. The session intends to provide a roadmap to lawyers advising banks and other professional creditors on the intricacies of some model restructuring schemes.
Fernando Azofra | Uria Menendez, Madrid, Spain; Co-Chair, Banking Law Committee |
Monique Mavignier | BMA Advogados, São Paulo, Brazil; Diversity and Inclusion Officer, Banking Law Committee |
Ulrike Naumann | Bowmans, Johannesburg, South Africa; Vice Chair, Banking Law Committee |
Eric Rosof | Wachtell, Lipton, Rosen & Katz, New York, New York, USA; Real Estate Section Liaison Officer, Banking Law Committee |
David Steinberg | Stevens & Bolton, Guildford, England; Annual Conference Officer, Insolvency Section |