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Political, regulatory competition and the U.K. debt-restructuring regime at the crossroads

Hamiisi Junior Nsubuga

Common Law World Review2025https://doi.org/10.1177/14737795251325252article
ABDC B
Weight
0.50

Abstract

This article analyses CIGA 2020 reforms to the U.K. insolvency and debt-restructuring regimes, particularly, the new part 26A restructuring plan, the creditor cross-class cramdown and the new standalone moratorium and their impact on the U.K. insolvency and debt-restructuring landscape. The article contends that these permanent changes were not needed immediately, in the aftermath of Brexit and COVID-19 experiences. Rather, temporary time-limited changes would have been ideal, followed by an impact assessment that would inform desired course of reforms, rather than fast-tracked reforms that may have been driven by political and regulatory competition. The article further argues that these CIGA 2020 reforms could instigate a policy shift, from a pro-creditor to a pro-debtor restructuring regime, that questions the United Kingdom's overall policy objective moving forward.

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https://doi.org/https://doi.org/10.1177/14737795251325252

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@article{hamiisi2025,
  title        = {{Political, regulatory competition and the U.K. debt-restructuring regime at the crossroads}},
  author       = {Hamiisi Junior Nsubuga},
  journal      = {Common Law World Review},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1177/14737795251325252},
}

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Political, regulatory competition and the U.K. debt-restructuring regime at the crossroads

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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