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ARTICLE · 13 APRIL 2022

Restructuring Watch - April 2022

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In this edition of Restructuring Watch, we reflect on the first court decision on the moratorium procedure, some recent schemes and restructuring plans...

United StatesInsolvency/Bankruptcy/Re-Structuring
James Roome
James Roome
Barry G. Russell
Barry G. Russell
James Terry
James Terry
Liz Osborne
Liz Osborne
Tom Bannister
Tom Bannister
Emma Simmonds
Emma Simmonds
Lois Deasey
Lois Deasey
Lauren Pflueger
Lauren Pflueger
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In this edition of Restructuring Watch, we reflect on the first court decision on the moratorium procedure, some recent schemes and restructuring plans, the lifting of the remaining pandemic-related restrictions for commercial landlords alongside the introduction of the Commercial Rent (Coronavirus) Act 2022 and an extension of the UK directors' disqualification regime.

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Corbin & King: First Judicial Consideration of the CIGA moratorium

In June 2020, the Corporate Insolvency and Governance Act 2020 (CIGA) introduced a new standalone moratorium process alongside the restructuring plan and certain temporary measures in response to the pandemic. Over 18 months later, in early February 2022, the English court considered (and clarified) certain of the legislative provisions relating to the moratorium.

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