Debated almost ad infinitum, Brexit has been a hot potato since the UK chose to leave the European Union (EU) in 2016. Its departure has far-reaching implications for many spheres of activity cross-border restructurings and insolvencies among them.
The restructuring and insolvency market is going through a period of substantial change, says Emilie Delacave, an associate at Taylor Wessing. The global economy is facing an unprecedented crisis because of the coronavirus (COVID-19) pandemic and, as various temporary measures introduced by governments to assist businesses facing financial difficulty come to an end, it is likely that we will see a significant increase in the number of insolvencies.
In this arena, the UKs departure from the E…
Read the full article at: https://www.financierworldwide.com/cross-border-restructurings-and-insolvencies-in-a-post-brexit-world
