The Dutch government is throwing its weight behind challenging London’s position as Europe’s legal hub for the lucrative business of restructuring the debt of struggling companies. London nevertheless has retained much of its appeal. A Bloomberg story notes that earlier this year a U.S. company chose for the first time, an English scheme of arrangement over U.S. proceedings to restructure some of its international units, citing an article published by Goodwin’s Simon Thomas and Oonagh Steel. Read the Bloomberg article here.
In The Press November 15, 2019