Large-scale insolvencies have been largely absent from the UK market over the past few years. That was until the spectacular collapse of hamper savings company Farepak hit the newspaper headlines.
While the story tugged at heartstrings when thousands of savers were left empty-handed in the lead-up to the festive season, it has also provided a clear test, as is reviewed in this Insolvency Special Report, of the value to creditors of the Enterprise Act reforms to the administrative procedure and whether they have improved the process.
This report also examines the practical application of the recently enacted Uncitral model law in respect of cross-border restructurings.
It also weighs up the treatment of junior creditors in US Chapter 11 bankruptcy proceedings compared with UK restructurings.
Click here for the full special report