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ARTICLE · 31 MARCH 2023

Restructuring Watch - March 2023

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In this edition of Restructuring Watch, we cover several significant developments in the world of corporate restructuring and insolvency. We examine the effective operation of the special...

United KingdomInsolvency/Bankruptcy/Re-Structuring
Tom Bannister
Tom Bannister
Sam Brodie
Sam Brodie
Liz Osborne
Liz Osborne
Lauren Pflueger
Lauren Pflueger
Barry G. Russell
Barry G. Russell
Emma Simmonds
Emma Simmonds
James Terry
James Terry
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In this edition of Restructuring Watch, we cover several significant developments in the world of corporate restructuring and insolvency. We examine the effective operation of the special resolution regime in relation to Silicon Valley Bank, draw out key takeaways from numerous recent restructuring plans, and discuss the most recent government report on the permanent reforms introduced by the Corporate Insolvency and Governance Act 2020. We also explore a recent judgment in the Sova Capital special administration and take a deep dive into the long-awaited Sequana judgment.

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Smooth use of the SRR

Friday 10 March 2023 saw Californian regulators step in to close Silicon Valley Bank (SVB), appointing the US Federal Deposit Insurance Corporation to act as receiver, Swiftly thereafter, the Bank of England (BoE) announced that, absent meaningful further information, it would apply to the English

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