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The world has changed in the past few months. As COVID-19 swept the globe and economies were shuttered, governments provided unprecedented levels of support to help businesses survive and to avoid massive bankruptcies. So too were insolvency regimes adapted to make them more debtor friendly.
The actions taken by the governments during the pandemic confirm the general trend towards state interference in strategically important sectors.
In recognition of this, the Insolvency Commission is holding 2 webinars during its Commission Day on 10 November 2020 on state intervention in insolvent companies.
The first session will be a debate between rival groups of panellists arguing for and against the following proposition: To act or not to act, that is the question: should states ever protect insolvent companies or intervene in insolvency proceedings? During the session, the participants will be encouraged to vote on the main topics and, at the end, choose the winners.
The second session will be a comparative law seminar on the different insolvency measures introduced by states in response to COVID-19. The session complements the forthcoming jurisdictional guide being published by the Insolvency Commission.
Both sessions will include practical tips to help members advise clients on the opportunities and pitfalls of the measures discussed.
Of course, no AIJA event would be complete without making time to socialise. This day is no exception and a social event will conclude the proceedings.
The day will start at 3pm CET with a welcome session when time will also be made for new members to introduce themselves (should they wish), and for members to raise any business. The seminars will then follow with breaks for members to check their emails etc. The social event will commence at around 6.15pm and the day will end at around 7.15pm CET.
We look forward to welcoming you on 10 November
More information about the schedule and the speakers can be found under the programme section of this page
Please fill in this form if you want to attend any part of our social programme.
All academic sessions are recorded and shared in the Resource Centre the week after the events.
AIJA Commissions Month
20 October - 20 November 2020
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The COVID-19 pandemic has plunged businesses around the world into financial difficulty and led to an unprecedented surge of emergency legislation in virtually all jurisdictions. In many jurisdictions, these measures include direct intervention in the debt enforcement and insolvency system. Governments have been quick to adopt sweeping changes to Insolvency regimes to avoid viable businesses collapsing, including relaxing rules on directors’ duties pre-insolvency and preventing creditors from seeking to place businesses into insolvency processes.
In light of this unique situation and as a helpful tool for its members, the AIJA Insolvency Commission has assembled a compilation of short factsheets providing an overview of what has happened in our members’ jurisdictions.
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