To our clients and friends

As we reach the second half of 2025, global restructuring and insolvency trends are having a significant impact on the business landscape, driven by economic pressures, legal reforms, and industry-specific challenges. Insolvency rates are rising worldwide, especially in Asia-Pacific and North America, as high interest rates and limited access to credit continue to pressure businesses. Key sectors like retail, hospitality, commercial real estate, healthcare, and tech are facing elevated financial distress. Businesses and investors are also contending with ongoing geopolitical volatility, supply chain disruptions, and inflation, pushing the demand for innovative and tailored restructuring solutions.

Given the current global economic outlook, staying informed on restructuring developments worldwide is more crucial than ever. Our global team of restructuring lawyers is prepared to deliver the strategic guidance and counsel needed to navigate these challenging times.

For this third quarter, our lawyers in the US discuss recent important decisions on the application and interpretation of the Cape Town Convention Alternative A in the SAS chapter 11 case, our Canadian team discuss a Canadian court’s confirmation that the “interest stops” rule in bankruptcy does not apply to secured creditors and as a result they may recover post-bankruptcy interest, and our UK team discuss the treatment of IP licenses in insolvency and how licensees can protect themselves.

• Cape Town Convention Alternative A stowed away (for now): Decision affirmed that Alternative A not applicable to claim treatment in SAS chapter 11 case
• Canadian court confirms “interest stops rule” does not apply to secured claims
• IP versus IP: How does the appointment of a UK Insolvency Practitioner affect a licensee’s Intellectual Property rights?

We hope you find these articles useful.

Scott Atkins
Global Head of Restructuring
Sydney

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