Description

An overview of some legal restructuring tools utilized to protect companies from creditors and/or to implement deals. Covering some key legal restructuring tools in the UK (Company Voluntary Arrangements, Restructuring Plans, and Administration) and the US (Chapters 7 and 11 of the US Bankruptcy Code).

Learning Objectives

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1. Recognize the key characteristic of European restructuring frameworks.
2. Distinguish the tools available in European jurisdictions compared to those in the UK and the US.
3. Identify the main objective of restructuring plans in Europe.
4. Identify the primary purpose of and roles in administration under UK law.
5. Identify the features and advantages of legal restructuring tools and procedures.
6. Define and compare Chapter 7 and Chapter 11 bankruptcy.