Year: 2025
Type: article
Abstract: This article analyses CIGA 2020 reforms to the U.K. insolvency and debt-restructuring regimes, particularly, the new part 26A restructuring plan, the creditor cross-class cramdown and the new standalone moratorium and their impact on the U.K. insolvency and debt-restructuring landscape. The article contends that these permanent changes were not needed immediately, in the aftermath of Brexit and COVID-19 experiences. Rather, temporary time-limited changes would have been ideal, followed by an impact assessment that would inform desired course of reforms, rather than fast-tracked reforms that may have been driven by political and regulatory competition. The article further argues that these CIGA 2020 reforms could instigate a policy shift, from a pro-creditor to a pro-debtor restructuring regime, that questions the United Kingdom's overall policy objective moving forward.
Source: Common Law World Review
Author: Hamiisi Junior Nsubuga
Institutions: University of London, City, University of London
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
Estimated APC paid: $3,400
OpenAlex ID: W4408507115