Brexit—a deal that leaves recognition of UK insolvency procedures uncertain

Brexit—a deal that leaves recognition of UK insolvency procedures uncertain

An article written by Mark Phillips QC at South Square looks at the impact of the draft Trade and Co-operation agreement for restructuring and insolvency professionals.

In particular, it considers both inbound applications to the UK for recognition and outbound applications for recognition in Member States by UK IPs post Brexit. It also advocates the EU’s implementation of the UNCITRAL Model law on Insolvency Click here to read the article.

This is an advance copy of an article that will appear in the March 2021 edition of the South Square Digest, and it is reproduced here with their kind permission. The Digest can be accessed here

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About the author:
Kathy specialises in restructuring and cross-border insolvency. She qualified as a solicitor in 1995 and has since worked for Weil Gotshal & Manges and Freshfields. Kathy has worked on some of the largest restructuring cases in the last decade, including Worldcom, Parmalat, Enron and Eurotunnel.