ARTICLE
14 September 2023

Rescue Culture: Playing The Devil's Advocate

MF
Morrison & Foerster LLP
Contributor
Known for providing cutting-edge legal advice on matters that are redefining industries, Morrison & Foerster has 17 offices located in the United States, Asia, and Europe. Our clients include Fortune 100 companies, leading tech and life sciences companies, and some of the largest financial institutions. We also represent investment funds and startups.
In an article authored for Global Turnaround, Howard Morris, Amrit Khosa, and Hee-Chan Kang discuss the UK's corporate insolvency and rescue regime, and whether "rescue culture" has gone too far.
United States Insolvency/Bankruptcy/Re-Structuring
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In an article authored for Global Turnaround, Howard Morris, Amrit Khosa, and Hee-Chan Kang discuss the UK's corporate insolvency and rescue regime, and whether "rescue culture" has gone too far.

As the article notes, "The second quarter of 2023 saw a total of 6,342 formal corporate insolvencies in England and Wales, representing a staggering 13% increase from the previous year. Yet only 157 were companies with a turnover of over UK£10 million. Despite the quarterly insolvency numbers being the greatest since the 2009 financial crisis, we have yet to see larger companies enter insolvency, and challenging times do lie ahead for many companies. High inflation and rising interest rates continue to impact business profitability and liquidity. Will these companies fail or will investors hungry for a return continue to throw them a lifeline?"

Read the full article (as originally published by Global Turnaround in September 2023).

Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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ARTICLE
14 September 2023

Rescue Culture: Playing The Devil's Advocate

United States Insolvency/Bankruptcy/Re-Structuring
Contributor
Known for providing cutting-edge legal advice on matters that are redefining industries, Morrison & Foerster has 17 offices located in the United States, Asia, and Europe. Our clients include Fortune 100 companies, leading tech and life sciences companies, and some of the largest financial institutions. We also represent investment funds and startups.
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