The Future of Insolvency Law in a Post-Pandemic World

International Insolvency Review (2022 Forthcoming)

Singapore Management University School of Law Research Paper 14/2021

20 Pages Posted: 3 Sep 2021 Last revised: 22 Aug 2022

See all articles by Aurelio Gurrea-Martínez

Aurelio Gurrea-Martínez

Singapore Management University - Yong Pung How School of Law

Date Written: September 2, 2021

Abstract

The COVID-19 crisis has encouraged many countries to amend their insolvency laws. In most cases, these amendments took place temporarily – especially during the hibernation phase of the pandemic. In other countries, however, the pandemic has led to permanent changes in their insolvency legislation. More importantly, the COVID-19 crisis has accelerated the insolvency reforms that were already on the political agenda of many countries, and it has encouraged other jurisdictions to reassess the desirability of their insolvency and restructuring frameworks. This article analyzes the current trends, reforms and policy discussions that are expected to reshape the future of insolvency law in a post-pandemic world.

Keywords: insolvency, restructuring, bankruptcy, COVID-19, hibernation, recovery, debtors, creditors, MSMEs, hybrid procedures, DIP financing, directors, duties, insolvency reform, advanced economies, emerging markets

Suggested Citation

Gurrea-Martínez, Aurelio, The Future of Insolvency Law in a Post-Pandemic World (September 2, 2021). International Insolvency Review (2022 Forthcoming), Singapore Management University School of Law Research Paper 14/2021, Available at SSRN: https://ssrn.com/abstract=3916244 or http://dx.doi.org/10.2139/ssrn.3916244

Aurelio Gurrea-Martínez (Contact Author)

Singapore Management University - Yong Pung How School of Law ( email )

55 Armenian Street
Singapore, 179943
Singapore
(+65) 6808-5160 (Phone)

HOME PAGE: http://https://law.smu.edu.sg/faculty

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