Our latest primer takes a closer look at the Corporate Insolvency and Governance Act (CIGA), the UK’s new ruleset that introduces new guidelines for companies in financial distress as a result of the economic crisis brought on by the COVID-19 pandemic. Both CIGA and the old scheme of arrangement will, for the time being, run in tandem. Simon Thomas, a Financial Restructuring partner at Goodwin in London, expects hearings to go smoothly. Read the article in IFLR here.
In The Press November 03, 2020