GRR invited 10 cross-border insolvency practitioners in London. The only German roundtable participant was Ivo-Meinert Willrodt, a partner at PLUTA in Munich. He argued that it will be very difficult for the UK to continue „marketing“ its schemes to Europe in light of the recognition issues accompanying Brexit. Willrodt also pointed to a new business insolvency directive proposed by the EU, which would introduce harmonised restructuring rules including pre-insolvency procedures all around Europe. He also explained the situation in Germany. Some German companies have changed their COMI to take advantage of different domestic courts.
International debt restructuring: can other jurisdictions compete with London and New York?
PLUTA expert
Ivo-Meinert Willrodt
Rechtsanwalt, Fachanwalt für Insolvenz- und Sanierungsrecht, Executive M.B.A.-HSG
PLUTA press contact
Patrick Sutter
relatio PR
+49 89 210 257-22