The uncertainty that has descended on global economic markets
brought about by the global covid-19 pandemic has been widespread
and unprecedented. Anyone looking for clear wisdom on the likely
trends in restructuring as we look now to the second half of 2022
and beyond may find the milky darkness of a Magic 8-ball a better
barometer of future forecasting.
Here, we provide an overview of the offshore restructuring
landscape in light of governmental fiscal stimulus measures
introduced due to coronavirus either being reduced, withdrawn or,
in some cases, never being put in place.
General overview
Finally (and fingers crossed) it looks like the COVID-19
pandemic is moving into a new phase, at least in the UK. During the
pandemic, over the last 24 months or so, many jurisdictions have
offered support to businesses in differing ways in order to keep
the economy propped up and to ensure survival of those businesses
as much as possible after the pandemic.
