Business Restructuring Review | MarchApril 2021 | Jones Day – JDSupra – JD Supra

Restructuring

BUSINESS RESTRUCTURING REVIEWVOL. 20 NO. 2 MARCH APRIL 2021IN THIS ISSUE1 Tenants Election to Retain Possession of Rejected Lease Premises Preserves Obligations Under Related Agreements4 Washington Bankruptcy Court Approves Chapter 11 Plan Exculpation and Release Provisions7 Legislative Update: New Australian Insolvency Law Reforms Enacted for Small Businesses9 Third Circuit Invokes Equitable Mootness to Bar Appeal…

Pandemic-Related Insolvencies Reveal International Arbitration Issues – Bloomberg Law

Bankruptcy

The global pandemic has devastated companies large and small, particularly in sectors such as travel, hospitality, and entertainment, but also in the blue-chip domains of manufacturing, retail, and energy. For many businesses, a sharp decline in revenue led to a liquidity crunch severe enough to threaten debt service and raise the specter of bankruptcy. Some…

Pre-pandemic data show 1 in 8 countries spends more on debt than on education, health and social protection combined UNICEF – UNICEF

Debt Help

FLORENCE/NEW YORK, 1 April 2021 Around 1 in 8 countries globally spends more on debt than on social services, according to a UNICEF report released today. COVID-19 and the Looming Debt Crisis notes that 25 countries globally the majority of them already burdened by poverty and deprivation spent a higher proportion of total government expenditure…