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European Guide to Support Businesses

European Guide to Support Businesses

Debt Restructuring and Insolvency

The spread of the Covid-19 pandemic in 2020 forced many countries in Europe to implement special legal solutions in order to adjust to the exceptional circumstances and the new reality. It is clear that suspension of procedural deadlines along with significant limitation of courts’ activity only to urgent cases during the height of the pandemic have affected both insolvency and restructuring procedures.

Andersen Global, through the members and collaborating firms and its European Service Line Restructuring and Insolvency, has prepared this guide to provide an insight into legal solutions adopted by selected European states in a response to the Covid-19 pandemic in the context of insolvency and restructuring procedures. It also encompasses other mechanisms deployed to mitigate negative consequences of the Covid-19 pandemic, such as suspension of contractual obligations as well as optional or obligatory moratoria.

We are pleased to participate with Andersen Global and other collaborating members (Croatia, Germany, Hungary, Italy, Poland and Spain) to create another guide in the field of Debt Restructuring and Insolvency.

You can download the guide HERE.