Milbank Financial Restructuring partner Karen McMaster and associates Lynette Janssen, Sarah Levin and Matthew Fonti co-authored the England and Wales chapter in the recently released ninth edition of The Insolvency Review, published by The Law Reviews.
The Insolvency Review, Ninth Edition, provides in-depth information regarding current market conditions and insolvency case developments in a number of countries. In the England and Wales chapter, the authors address the key tools available under English law to restructure and/or wind down a company, including:
- The formal insolvency processes, including liquidation, administration and company voluntary arrangement (CVA)
- A stand-alone moratorium process, during which a financially distressed company can engage in negotiations with creditors or otherwise prepare for restructuring
- Schemes of arrangement and restructuring plans, which are two pre-insolvency restructuring tools that can be used to compromise or reschedule debt with agreement from a statutory majority of creditors
- Procedures for the recognition of foreign insolvency proceedings
Milbank’s Financial Restructuring Group is at the forefront of the largest, most complex corporate restructuring matters in the world. The team is consistently ranked among the leaders in Chambers, Legal 500, IFLR1000, Turnarounds & Workouts, and Benchmark Litigation.