Norton Rose Fulbright
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Articles by company
The impact of the Corporate Insolvency and Governance Act 2020 on credit insurers and suppliers
The Corporate Insolvency and Governance Act 2020 (CIGA) came into force in June 2020 as part of the government’s response to the COVID-19 crisis, aimed at promoting the rescue of companies in financial difficulties. It introduced three new permanent measures: a “Moratorium” procedure; a procedure for the compromise or arrangement with creditors of a company in financial difficulties or “Restructuring Plan”, and rules prohibiting the termination of contracts for the supply of goods and services by reason of insolvency (the so called “ipso facto” clauses) as well as a number of temporary measures intended to reduce the number of insolvency procedures during the pandemic. The Act represents the biggest change to insolvency legislation in 20 years and has particular implications for supply chains and credit insurance (for instance, will credit insurers continue cover if a supplier is forced by the new measures to continue to supply?), which we will consider in this article.
1 JUL 2021EU Sustainable Finance Taxonomy
In this In Practice article, Daniel Nevzat provides a short overview of the Climate Delegated Act outlining the technical screening criteria (TSC) which set the conditions for an economic activity to qualify as contributing substantially to climate change mitigation or climate change adaptation under the EU Taxonomy Regulation.
1 JUL 2021Comparing sustainable debt products and standards
Whilst standards like the Equator Principles and the Responsible Ship Recycling Standards have been applied to specific sectors or asset classes for some time, standards with wider application to the bond and loan markets are now gaining traction. These often have different purposes and consequences for non-compliance. With regulatory frameworks and market practice still developing, further innovation in sustainable debt standards and the refinement of existing standards is expected.
1 APR 2021Regulation Update – June 2024
Simon Lovegrove of Norton Rose Fulbright provides a round-up of regulatory changes
31 MAY 2024Regulation Update – May 2024
Simon Lovegrove of Norton Rose Fulbright provides a round-up of regulatory changes
30 APR 2024
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