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English insolvency law seen as ‘real alternative’ to Chapter 11

The Corporate Insolvency and Governance Act offers insolvent shipping companies a real alternative to Chapter 11 proceedings in the US, a London-based law firm has told clients

‘As an English insolvency lawyer, it’s probably one of the more exciting times at the moment … Basically, if the transaction is governed by English law, the restructuring plan is a good way to go to restructure,’ argues WFW partner Stephen Parker

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