Legal Updates

Almost eighteen months ago, the restructuring community welcomed the brand new restructuring plan: a tool that had been many years in the making, but which had, in the end, slipped onto the statute books after an extremely expedited passage through Parliament.  In our final briefing for 2021, we look back over the key takeaways from the restructuring plan cases in what has been a formative year for the tool.

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"The profession has adopted the restructuring plan with its usual creative enthusiasm, pushing it through its paces and testing its limits. There remain plenty of legal questions to answer, but the plan is already well established. The coming year will be a critical time for the UK’s post pandemic economy, and the plan has the potential to really help." Inga West, Counsel

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The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to.
Readers should take legal advice before applying it to specific issues or transactions.

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