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Recognition of a Part 26A Restructuring Plan in Switzerland and the EU
In June 2020, the U.K. introduced the so-called Part 26A restructuring plan. This new type of restructuring plan has the potential to become highly relevant for the restructuring of international corporations. To the best of our knowledge, two Part 26A restructuring plans have been sanctioned by English courts so far. However, the extensive possibilities to restrict creditors' rights under such a restructuring plan may create challenges for its recognition in other jurisdictions. Further, as the U.K. is going to leave the EU at the end of 2020, Brexit may create additional problems for the recognition of a Part 26A restructuring plan in Switzerland and other European countries.
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Innovation ensures growth: that’s what every export-oriented SME, every large multi-national company experiences. Unfortunately, all too often successful research and development attracts imitators who copy innovations illegally thereby saving the costs associated with their production – to the detriment of the inventor. We advise public and private companies on media and intellectual property issues, draft contracts and manage litigation. We also have plenty of experience in the licensing of rights to films and sports broadcasts. Another focus of our activities is information technology (IT) law.
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