New German Restructuring Regime (StaRUG): An Introductory Guide

On 1 January 2021 the new German stabilizing and out-of-court restructuring regime came into effect. The “Stabilization and Restructuring Framework of Companies Act”, known as StaRUG, heralds a new phase in the German restructuring landscape, introducing a framework of tools including a new restructuring plan, which will enable debtors toRead the full article →

Paragon Offshore: Judgment on Challenge to 2017 Restructuring and the Limits of the Rule 12.59 Review Jurisdiction

The Insolvency and Companies Court in London handed down judgment on Monday, 19 October 2020 rejecting a shareholder challenge to the 2017 restructuring of Paragon Offshore plc (in liquidation) (the “Company”). The judgment gives helpful guidance on the approach taken by insolvency courts to reviewing, rescinding or varying their ordersRead the full article →

Extension on the Temporary Restrictions on Statutory Demands and Winding Up and Other Measures Under the Corporate Insolvency and Governance Act 2020

Today the Department for Business, Energy and Industrial Strategy announced that certain temporary measures put in place under the Corporate Insolvency and Governance Act 2020 (“CIGA”), which came into force on 26 June, will be extended. The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) RegulationsRead the full article →