The COVID-19 pandemic has disrupted activity of many companies including those with otherwise healthy businesses. The disruption has affected their ability to service their debts, with growing potential for a wave of credit defaults, insolvencies, bankruptcies and layoffs as the crisis wears on. This high-level panel discussion will examine the conditions for preserving value in corporate restructurings and how countries are adapting legal and regulatory structures to the COVID-19 crisis, including insolvency and out-of-court workout mechanisms. They will discuss what has worked and what has not, as well as what is still needed to ensure that viable businesses can restructure and that those that need to exit the market can do so efficiently. Learn more about this World Bank Live event (Mar. 19, 2021): [ Ссылка ]
- James Sprayregen, Restructuring Partner, Kirkland & Ellis
- Reza Baqir, Governor, State Bank of Pakistan
- Hal S. Scott, Emeritus Nomura Professor of International Financial Systems at Harvard Law School
- Rosa Sacre, Managing Director of Société Générale’s Asset Recovery and Restructuring Management team
- Ramiro Alfonsín, Chief Financial Officer of LATAM Airlines Group
- Makhtar Diop, Managing Director and Executive Vice President, IFC
- Stephanie von Friedeburg, Senior Vice President, Operations, International Finance Corporation
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