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In late June 2020, the UK’s Corporate Insolvency and Governance Act (the Act) became law. While the Act was passed in response to the Coronavirus Disease 2019 (COVID-19) pandemic and its economic ramifications, it represents a significant legislative step forward in promoting the “rescue culture” in respect of financially distressed business enterprises, a policy objective that goes beyond COVID-19. This GT Alert relates, in the main, to the concept of the moratorium (the Moratorium), which is central to the architecture of the Act and the achievement of its policy objectives.

Continue reading the full GT Alert.

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Photo of Carol Hopper Carol Hopper

Carol Hopper advises funds, investors, bank and non-bank lenders, and corporate clients on a wide array of domestic and international real estate transactions. She acts for investors at all levels of the capital stack and across the full risk spectrum. Carol has over

Carol Hopper advises funds, investors, bank and non-bank lenders, and corporate clients on a wide array of domestic and international real estate transactions. She acts for investors at all levels of the capital stack and across the full risk spectrum. Carol has over 30 years of experience working on real estate deals in a wide range of sub-sectors, including office, retail, industrial, residential, hotel/ leisure, education, infrastructure/energy (particularly energy-from-waste and windfarms), and public/private finance transactions.

Ian Jack

Ian Jack advises on a broad range of banking and finance transactions, including project finance, acquisitions finance and property financings, and restructurings. Ian has been recognized by Chambers UK and Legal 500 for his restructuring, project finance, and acquisition finance experience. Prior to

Ian Jack advises on a broad range of banking and finance transactions, including project finance, acquisitions finance and property financings, and restructurings. Ian has been recognized by Chambers UK and Legal 500 for his restructuring, project finance, and acquisition finance experience. Prior to joining Greenberg Traurig, Ian served as Co-Head of Global Restructuring & Insolvency at Baker & McKenzie and leader of its London practice.

Photo of Mohammed Khamisa QC Mohammed Khamisa QC

Mohammed Khamisa QC focuses his practice on commercial litigation, concentrating on complex multi-jurisdictional cases which often involve fraud, particularly within the banking and financial services sectors. Mohammed was made Queen’s Counsel in 2006. Regularly travelling to the Middle East, Mohammed advises clients from…

Mohammed Khamisa QC focuses his practice on commercial litigation, concentrating on complex multi-jurisdictional cases which often involve fraud, particularly within the banking and financial services sectors. Mohammed was made Queen’s Counsel in 2006. Regularly travelling to the Middle East, Mohammed advises clients from the United Kingdom, United Arab Emirates, Saudi Arabia, India, Pakistan, and other regions on a wide range of matters. His range of experience across jurisdictions means that he is frequently retained to manage and advise on legal issues of the most sensitive nature. His deep understanding of the Middle East is complemented by a broad network in the region.

With 35 years of experience at the Bar and recently at an International Law firm, encapsulating many aspects of Commercial Fraud (including white collar-prosecution and defence), formerly Leading Counsel on the panel of the Serious Fraud Office (SFO) and other financial regulatory compliance,  Mohammed frequently leads and manages teams of lawyers, accountants, forensic experts, and other professionals as part of an investigatory team. His background and knowledge adds to the overlap between commercial litigation and regulatory investigations.
Mohammed formerly served as Standing Counsel for the British Government’s Department of Trade and Industry, where he gained deep experience on matters which often overlap into civil and criminal investigations, such as company and insolvency law, directors’ duties, directors’ disqualification, and personal insolvency. He also served as Chairman of the Code Compliance Panel (CCP), which is responsible for the Phone Standards Authority’s (PSA) adjudicatory function, regulating premium rate phone paid services in the United Kingdom.

He sits as a Recorder of the Crown Court and County Court and is a Panel Deemster of the High Court of the Isle of Man. He also Chairs the Bar Standards Summary Disciplinary Panel.

Photo of Partha S. Pal Partha S. Pal

Partha S. Pal focuses his practice on the financing of commercial real estate assets. Partha has led the execution of transactions involving real estate assets in the UK, Germany, France, Italy, Belgium, the Netherlands, Spain, Portugal, Sweden and Finland, as well as in…

Partha S. Pal focuses his practice on the financing of commercial real estate assets. Partha has led the execution of transactions involving real estate assets in the UK, Germany, France, Italy, Belgium, the Netherlands, Spain, Portugal, Sweden and Finland, as well as in South Korea, PRC, and Hong Kong.

Partha’s experience covers the whole spectrum of commercial real estate lending arrangements, acting for both bank and non-bank lenders as well as for borrowers. He has experience of all major commercial real estate asset types including assets which involve active operation such as student accommodation, common work spaces, petrol stations, data centres and private rented sector/build to rent assets. In addition, he has deep experience of loan-on-loan financing and loan repo arrangements as well as sophisticated capital markets products relating to commercial real estate, particularly commercial mortgage backed securities and real estate related non-performing loan securitisations. He also advises regularly on regulatory matters relating to investments in securitised products, particularly in relation to risk-retention considerations.
Given his long experience of the securitisation and structured finance markets, Partha has and continues to advise on structured financing transactions involving other asset classes such as residential mortgage loans, commercial loans, consumer loans, trade receivables, equipment lease receivables, and credit card receivables.

Partha joined Greenberg Traurig, LLP in November 2018 from another leading U.S. law firm’s London office.