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Brexit Watch

Webinar: A practical guide to cross border restructurings and insolvencies post Brexit

The Recast Insolvency Regulation (Regulation (EU) 2015/848), which (together with its predecessor) had been a part of the UK/EU restructuring and insolvency landscape for nearly two decades, has now fallen away. UK/EU restructurings and insolvencies opened after the end of the transition period will not have the benefit of its clear structure for the allocation of jurisdiction, the opening and recognition of proceedings and for the conduct and closure of those proceedings. This comes at a time when we expect to see a rise in the number of cross border cases.