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Economic peaks and troughs – IFLR’s Restructuring Special Focus launched

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As the global economy recovers from the shock of Covid-19, it faces further shocks from the Russia-Ukraine war and high inflation. IFLR’s leading correspondents report on the international restructuring and insolvency landscape

Click here to read all the chapters from IFLR's Restructuring Special Focus.

The global economic landscape continues to change in the wake of the Covid-19 pandemic, and while some companies are thriving as activity ramps up, others are struggling as governments withdraw financial support.

In this Special Focus, IFLR’s contacts from around the world provide an essential insight into the restructuring and insolvency landscapes in Switzerland, Mauritius, China, Japan, Indonesia, and Singapore.

First up, IFLR’s correspondents from Bär & Karrer discuss the Swiss legal restructuring and insolvency regime. Bär & Karrer expects the Swiss economy to see significant effects from the Ukraine conflict due to increases in the prices of key exports such as energy.

BLC writes about Mauritius, focusing on the Bank of Mauritius’ support for companies and the landscape of receiverships and administrations. Our authors suggest that the Mauritian Companies Act 2001 should be used to replace the frequent use of complex procedures under the Insolvency Act.

Meanwhile, Global Law Office’s article considers the rise in restructuring in China, which has its roots in policies introduced to improve the business environment, as well as the effect of Covid-19. In this changing environment, IFLR’s correspondents provide a guide to the key legal provisions.

Also in this Special Focus, our writers from Nagashima Ohno & Tsunematsu offer a guide to the two main types of restructuring procedures in Japan: out-of-court workouts and in-court proceedings. Our authors provide an overview of the categories and weigh up the merits of each.

Next up is PwC Indonesia, whose authors are assessing the corporate landscape in Indonesia. As our correspondents report, the government’s efforts to control the pandemic have been successful in boosting national economic growth, particularly in the manufacturing, transportation, and warehousing sectors – but the number of restructuring cases is still growing.

Finally, RPC Premier Law reports on Singapore’s transformation of its insolvency framework. The recently revamped legislation is facing its first test as businesses struggle with the withdrawal of government support introduced during the initial period of the pandemic.

Click here to read all the chapters from IFLR's Restructuring Special Focus.