CIGA Report March 2022: Assessing the impact of the new insolvency provisions

Tim Carter and Helen Martin of Stevens & Bolton highlight the main findings of the government’s interim report on its review of the three permanent measures introduced by CIGA, including the introduction of a new category of “super-priority” liabilities in an insolvency proceeding following a moratorium, which continues to cause significant concern, and how the cross-class cram down in a Part 26A plan has allowed the UK to maintain its international status as a restructuring jurisdiction.

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