How Countries Have Revamped Their Insolvency and Restructuring Laws

    December 2021

    During 2020, many countries revamped their insolvency laws, introducing temporary or permanent measures to aid and assist companies in financial distress. Governments acted quickly to put in place measures that changed laws, relaxed or suspended legal obligations and introduced new provisions aimed at supporting businesses during the pandemic and avoiding large-scale insolvencies.

    Many countries still retain temporary measures to support businesses as they emerge from the pandemic and this guide focuses on the key changes in restructuring and insolvency laws in those countries listed in this guide.

    This guide provides an overview of the key changes in restructuring and insolvency laws that select countries have undertaken in response to the COVID-19 pandemic.