Singapore Global Restructuring Initiative (SGRI)’s Post

#France #Restructuring #Insolvency - Our partners Saam Golshani, Anne-Sophie Noury, Alicia Bali and Alexis A. Hojabr share their insights on the recent key developments in the French restructuring and insolvency #framework.  💬 The restructuring and insolvency framework in France has undergone significant reforms in recent years, driven both by the willingness to harmonize European practices under the impulse of the European institutions and by the survival of measures initially introduced in response to economic challenges posed by the COVID-19 pandemic. These reforms aim to facilitate the restructuring of distressed businesses while balancing the rights of creditors, particularly when their approach complicates the restructuring process, even though their situation would not entitle them to any rights in the event of compulsory liquidation. Read more here 👇 https://lnkd.in/eAGXQuwq

Insolvency-related activity has spiked sharply in the South East, says R3 Association of Business Recovery Professionals, the UK’s insolvency and restructuring trade body. https://lnkd.in/eWgbr4Wb #business #SouthEastBusiness #insolvency #restructuring

Insolvency-related activity has risen slightly in the South East, says R3 Association of Business Recovery Professionals, the UK’s insolvency and restructuring trade body. https://lnkd.in/eiBPXnAJ #business #SouthEastBusiness #insolvencies

Just over one week to go before our virtual "Be Informed: Lux Restructuring - the 'new toolkit' in insolvency" event. There are a limited number of places remaining so please do sign up today to secure your place! #iwirc #beinformed #iwirceurope #restructuring #reorganisation #insolvency #business #bankruptcy #liquidity

"The Singapore International Court and Beyond: Charting the Next Frontier for Cross-Border Insolvency", by Scott Atkins (Australian Chair and Global Co-Head of Restructuring, Norton Rose Fulbright) and Dr. Kai Luck (Senior cross-border restructuring, insolvency and regulatory lawyer). Check out this new article published on the Singapore Global Restructuring Initiative (SGRI) Blog! #insolvency #restructuring #crossborder #SICC #Singapore #global #hub https://lnkd.in/d4HQneUm

Insolvencies inch up in South East – but better than last year, says R3 💼🤔 Insolvency-related activity has risen slightly in the South East, says R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe showed a slight increase in insolvency-related activities from 178 in July to 196 in August – these include administrator and liquidator appointments together with creditors’ meetings. This number remains significantly lower than a year ago, when 264 insolvency related activities took place in the region in August 2023. The findings also revealed the number of firms in liquidation which owed money to their creditors in the South East has dropped again from 310 in July to 298 in August. Continue reading... https://lnkd.in/eurVGz5X #insolvency #ukbusiness #southeast #finance #corporatefinance #report #businessnews #businessintelligence

In September 2022, a major reform of #insolvency law came into force with Law 16/2022. This reform promotes Restructuring Plans, agreements between debtor companies and creditors to refinance debt and avoid insolvency proceedings, which often lead to liquidation and job losses in Spain. To support this, the TRLC introduces measures to facilitate financing, including Interim Financing to maintain operations during negotiations and New Financing to comply with the Restructuring Plan. The goal is to help struggling companies avoid liquidation and preserve jobs. 📝 Read the comprehensive analysis by our colleague Borja Ruiz-Mateos Albarracín on this topic: https://lnkd.in/gjj5XZAY #financing #RestructuringPlans #InterimFinancing #NewFinancing

It's been great to have taken on the role as Chair of the UK’s insolvency and restructuring trade body R3 Association of Business Recovery Professionals in Yorkshire. We know how challenging it is to talk about your money worries, but taking that step and starting that conversation when the problem is new will give you more options for resolving it and more time to consider your next step. Most R3 members will give potential clients a free consultation so they can learn more about their situation and explain which options are potentially available to resolve it. See more below and my insights on the release of the May 2024 corporate and personal insolvency statistics for England and Wales. https://lnkd.in/dF_Axs48

Insolvency, bankruptcy and restructuring laws continue to evolve across the Middle East. But there are still questions over whether these reforms are meeting their key aims of improved creditor protection and the survival of viable businesses in what remains a complex, varied and often under-utilized set of legal frameworks. In this article, Yaser M. Dajani, our Middle East lead and managing director, draws insights from discussions from a Quantuma-hosted roundtable discussion in London, where he explores the reasoning behind these developments and how to unlock the potential of the rapidly evolving insolvency landscape in the Middle East.   Read the full article here: https://lnkd.in/egdbAnff #MiddleEast #Insolvency #creditorprotection

Interested in insolvency law in Southeast Asia? If so, make sure to check out this excellent article by Lee Shih published on the Singapore Global Restructuring Initiative (SGRI)! It provides a fantastic overview of the comprehensive insolvency reform recently adopted in Malaysia and some of the challenges ahead.