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Europe

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In brief All 27 EU member states must implement the European Restructuring Directive of 20 June 2019 by 17 July 2021. The Directive was in part a reaction to the phenomenon observed with continental European companies in a financial crisis to restructure their debt under an English Scheme of Arrangement. The Scheme of Arrangement, which is not an insolvency process, offers the possibility to implement a debt restructuring on the basis of a majority decision…

In brief Contingency planning is moving up trustees’ agendas but it can be difficult to know where to start. Our infographic suggests a top ten of focus areas to get trustees (and employers) started. Listen here to Arron Slocombe, Pensions Partner, talk about this in more detail in a short ten minute clip taken from our recent Annual Pensions Seminar.