The cross-border restructuring landscape has transformed in recent years, with the introduction of the UK restructuring plan and the arrival of similar, Chapter-11 inspired processes in jurisdictions across Europe. This has driven a rise in cross-border restructurings which use processes in multiple jurisdictions to deliver the restructuring – as in the recent Cimolai, Vroon and McDermott restructurings.
In this session a team from Freshfields will discuss the rise of these multi-process restructurings. They will explore both the opportunities these multi-process restructurings present to deliver restructurings that otherwise would not be possible, and the complexities and pitfalls to watch out for.