There continues to be an upward trend in using provisional liquidations as a restructuring tool, particularly in relation to China-related debt. The looming global economic crisis likely points to further use of schemes of arrangements, with or without provisional liquidation. There continue to be coordinated approaches across offshore jurisdictions.
Discussion points include:
- The 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 chapter is an extract from GRR’s Americas Restructuring Review 2023. The whole publication is available at https://globalrestructuringreview.com/.