The future of insolvency law in a post-pandemic world

Author

Aurelio GURREA-MARTINEZ, Singapore Management UniversityFollow

Publication Type

Journal Article

Version

publishedVersion

Publication Date

9-2022

Abstract

The COVID-19 crisis has encouraged many countries to amend their insolvency laws. In most cases, these amendments took place temporarily, especially during the hibernation phase of the pandemic. In other countries, however, the pandemic has led to permanent changes in their insolvency legislation. More importantly, the COVID-19 crisis has accelerated the insolvency reforms that were already on the political agenda of many countries, and it has encouraged other jurisdictions to reassess the desirability of their insolvency and restructuring frameworks. This article analyses the current trends, reforms and policy discussions that are expected to reshape the future of insolvency law in a post-pandemic world.

Keywords

insolvency, restructuring, bankruptcy, COVID-19, hibernation, recovery, debtors, creditors, MSMEs, hybrid procedures, DIP financing, directors, duties, insolvency reform, advanced economies, emerging markets

Discipline

Business Organizations Law | Commercial Law

Research Areas

Corporate, Finance and Securities Law

Publication

International Insolvency Review

First Page

1

Last Page

19

Identifier

10.1002/iir.1468

Publisher

Wiley

Citation

Aurelio GURREA-MARTINEZ. The future of insolvency law in a post-pandemic world. (2022). International Insolvency Review. 1-19.
Available at: https://ink.library.smu.edu.sg/sol_research/3643

Copyright Owner and License

Authors

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.

Additional URL

https://doi.org/10.1002/iir.1468