What to Expect

The Corporate Insolvency and Governance Act 2020 introduced two new restructuring tools for the profession: the Moratorium and the Restructuring Plan. Despite their potential, they have not yet seen significant use among SMEs and mid-market companies.

This session explores how these tools might be used more effectively in the SME and mid-market space, and the role insolvency practitioners may play in their future development. It considers how the Moratorium and the Restructuring Plan could apply in the mid-market, whether they can be cost-effective, how they may interact with one another, and what advantages they may offer.

The discussion also examines how important it is for directors to recognise signs of financial distress early enough for these tools to remain viable options, and asks whether they represent part of the future of the profession and a possible shift in professional mindset.

For the purposes of this session, small and medium-sized enterprises (SMEs) are generally defined as businesses with fewer than 250 employees and either turnover under €50 million or a balance sheet under €43 million.