In the Press
October 25, 2023

ABI, New York: "We Need a US Equivalent to the Scheme" (Global Restructuring Review)


Former New York bankruptcy judge Allan Gropper has called for the US to adopt an English-style scheme of arrangement in comments made during the American Bankruptcy Institute’s (ABI’s) cross-border insolvency program in New York. Financial Industry and Financial Restructuring of counsel Dan Glosband described how the English scheme has been used in recent years to get around the fact that the UK is yet to adopt the UNCITRAL Model Law on Enterprise Group Insolvency. More on GRR.