The new Corporate Insolvency and Governance Act: Implications for the energy and infrastructure sectors | 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…

India’s Insolvency and Bankruptcy Code Faces Ten-Year Backlog Amid Frozen ₹15 Lakh Crore, ETLegalWorld

When the Insolvency and Bankruptcy Code was introduced in 2016, it replaced a fragmented web of recovery laws with a single economic logic: fast resolution would preserve value. Nearly a decade later, the Parliamentary Standing Committee on Finance has concluded that each of the Code’s core pillars, speed, certainty and creditor control, is now under…