Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

GRR Live, New York: Towards Chapter 11 with the changing face of creditors

By Kyriaki Karadelis

26 February 2019

GRR Live, New York: Towards Chapter 11 with the changing face of creditors Lisa Schweitzer, Don Bernstein, Corinne Ball and Nico Tollenaar

The EU’s new restructuring directive is based on UK schemes and Chapter 11, while planned reforms for a post-Brexit UK will borrow from Chapter 11, ostensibly to keep up with the EU. Speakers at GRR Live New York concluded that we are taking steps towards convergence, mostly as a result of the changing face of creditors.