Publication Type

Working Paper

Version

publishedVersion

Publication Date

9-2021

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 the insolvency legislation. More importantly, the COVID-19 crisis has accelerated the insolvency reforms already existing in the political agenda of many countries, and it has encouraged other jurisdictions to reassess the desirability of their insolvency and restructuring frameworks. This article analyzes 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

First Page

1

Last Page

19

Identifier

10.2139/ssrn.3916244

Publisher

Singapore Management University School of Law Research Paper 14/2021

City or Country

Singapore

Copyright Owner and License

Authors

Additional URL

https://doi.org/10.2139/ssrn.3916244

Download

Share

COinS