The new Corporate Insolvency and Governance Act: Implications for asset-based lenders | Latin America | Global law firm

Key points for asset-based lenders We explore the implications for the Act in the context of asset-based lending below. Key points to note are: The Act introduces a new “moratorium” procedure allowing eligible companies to continue to trade whilst being protected from creditors who may not take enforcement steps against them. The moratorium…

Recent case law developments in Singapore’s restructuring and insolvency laws show balancing between pro-rehabilitation policies and pro-creditor policies | Latin America | Global law firm

Singapore continues to develop its status as an upcoming international hub for debt restructuring. The nation-state updated and strengthened its restructuring and insolvency laws in recent years, primarily through enacting the omnibus Insolvency, Restructuring and Dissolution Act 2018 (IRDA) and incorporating the UNCITRAL Model Law on Cross-Border Insolvency (the Model Law) into Singapore law. The…

The new Corporate Insolvency and Governance Act: Implications for the energy and infrastructure sectors | Latin America | Global law firm

Introduction The Corporate Insolvency and Governance Act 2020 (the “Act”) came into force in June 2020. It introduced a number of temporary and permanent measures to restructuring and insolvency law which will affect creditors’ rights in the UK. The overarching objective of the Act is to promote the rescue of companies in financial…

Insolvency and Bankruptcy Code (IBC)

SC clears JSW Steel’s $2.3B (₹19,350 cr) acquisition of Bhushan Power & Steel under Insolvency and Bankruptcy Code, 2016. Insolvency and Bankruptcy Code (IBC) Latest News The Supreme Court of India has approved JSW Steel’s $2.3 billion (₹19,350 crore) acquisition of Bhushan Power and Steel (BPSL), reversing its earlier decision of liquidation.  This judgment strengthens…