There continues to be an upward trend in the use of schemes of arrangement, with or without the relevant company being in provisional liquidations, as a restructuring tool, particularly in relation to China-related debt. The Chinese property market continues to suffer significant challenges and points to further use of schemes of arrangement in the jurisdictions of incorporation. There continue to be coordinated approaches across offshore jurisdictions.
Discussion points include:
- Recent schemes of arrangement that have been approved
- The increased willingness of the judiciary to assist struggling companies that have a realistic prospect of trading their way out of difficulty
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This article is an extract from GRR’s Americas Restructuring Review 2022. The whole publication is available at https://globalrestructuringreview.com/review/restructuring-review-of-the-americas/2024.
