DIPLOMATIC ECONOMY

Restructuring In The COVID-19 Era: Where Do Businesses Need Support?

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By Ifeoma Asika, Correspondent, Campuses

The European Bank for Reconstruction and Development (EBRD) will  rally development stakeholders on 8 September at 15:00 BST to a virtual discussion and launch its new assessment on the state of business reorganisation frameworks across the regions where the EBRD invests.   

The coronavirus pandemic has triggered a serious economic crisis in developed and emerging markets alike and severely impacted businesses across the world. What should governments be doing to help businesses to survive?

The EBRD virtual discussion will explore the impact of the crisis on businesses in financial difficulties and present a new EBRD initiative aimed at helping national authorities identify what can be done to improve their current frameworks and introduce the longer-term reforms needed to help businesses to return to viability.

The virtual discussion  is featuring the following topics:

•             EBRD, Head of Financial Institutions, Francis Malige

•             EBRD, Senior Counsel, Legal Transition Team, Catherine Bridge Zoller

•             President of INSOL Europe and partner at Horten law firm, Denmark, Piya Mukherjee

•             Centre for Commercial Law Studies (CCLS) at Queen Mary University of London, Professor Rodrigo Olivares-Caminal

The webinar will be moderated by: Bloomberg Credit Reporter, Katie Linsell

The webinar marks the launch of a new project by the EBRD to assess the extensiveness and effectiveness of business reorganisation frameworks across all 38 economies where we invest. For further details, please see ebrd-restructuring.com.

This event is part of a series of webinars hosted by the EBRD’s Legal Transition Team. The panel discussions address the business restructuring in the time of COVID-19 and highlight the key areas where support and further reforms are needed. The webinars also explore the regional perspectives on business restructuring tools and the latest international trends in the field.

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