The enacted Corporate Insolvency and Governance Act (the Act) introduces three permanent reforms to the existing insolvency legislation and certain temporary measures designed to address the immediate impact of COVID-19 on UK businesses. Among other things, the Act looks to maximise the potential for struggling companies to be maintained as a going concern. As market participants and the courts get to grips with the new legislation, it is clear that there will be some impact on the special situations landscape and the business of stressed and distressed investment.
IN DEPTH
Reduced opportunity for hold-out investors?
While many stressed and distressed or special situations investors continue to invest in capital structures with…
Read the full article at: https://www.jdsupra.com/legalnews/special-situations-and-the-uk-corporate-67304/
