26th Annual IBA Global Insolvency and Restructuring Conference
28 Nov - 30 Nov 2021
Session information
Will new preventative restructuring frameworks in the European Union threaten the dominance of schemes of arrangement and/or Chapter 11 as tools for effecting international restructurings and workouts?
Monday 29 November (0930 - 1230)
Committee(s)
Insolvency Section
(Lead)
Description
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?
Session / Workshop Chair(s)
| Tommaso Foco | Portolano Cavallo, Rome, Italy; Co-Chair, Legislation and Policy Subcommittee |
Speakers
| Ignacio Buil | Cuatrecasas, London, England |
| Ileana Glodeanu | WOLF THEISS Rechtsanwälte GmbH & Co KG, Bucharest, Romania |
| Hamish Patrick | Shepherd and Wedderburn LLP, Edinburgh, Scotland |
| Kate Stephenson | Kirkland & Ellis, London, England |
| Vincent Vroom | Loyens & Loeff, Amsterdam, Netherlands; Publications Officer, Insolvency Section |