The future of insolvency law in a post-pandemic world

• Main Author: Aurelio GURREA-MARTINEZ
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2021
• Subjects: insolvency; restructuring; bankruptcy; COVID-19; hibernation; recovery; debtors; creditors; MSMEs; hybrid procedures; DIP financing; directors; duties; insolvency reform; advanced economies; emerging markets; Business Organizations Law; Commercial Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/3643; https://ink.library.smu.edu.sg/context/sol_research/article/5601/viewcontent/SSRN_id3916244.pdf
• Institution: Singapore Management University

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.