Principle 12 of the ELI Principles for the COVID-19 Crisis, which addresses the desirability of a moratorium on regular payments, formed the basis of the webinar. Anne Birgitte Gammeljord, Denis Philippe, Walter Stoffel and Jos Uitdehaag discussed insolvency and collection proceedings after COVID-19 from their national, global and in the case of Uitdehaag institutional perspectives. They touched upon issues such as measures taken to avoid bankruptcy, the restructuring procedure, limitations on debt collection and the enforcement of civil court decisions as well as temporary moratoriums (suspensions) of insolvency proceedings.
Their presentations were followed by a Q&A session with ELI Members, during which the termination of contracts during a stay (of proceedings), liability of board members and directors and the (lack of) measures regarding transnational insolvency of European companies by the EU, among other issues, were addressed.
An overview of further upcoming webinars for ELI Members is available here. Also, videos of the first and second ELI webinars on ELI Principles for the COVID-19 Crisis and Hardship & Force Majeure are available here and here respectively.
PowerPoint presentations from the meeting are available here:
