For many years the United Kingdom and the United States, using flexible and effective schemes of arrangement and Chapter 11 processes, have attracted a disproportionate share of international restructuring work. In some instances foreign companies have effected wholesale COMI shifts to avail themselves of those processes. Will new preventive restructuring frameworks introduced pursuant to Directive (EU) 2019/1023, and the UK’s exit from the EU, enable other EU Member States to capture more domestic and cross-border restructuring work and will the UK’s new restructuring plan (or ‘super scheme’) make any difference?