Corporate Insolvencies and Restructuring in Europe

by Vikki Kosmalska | 7th September 2021

Discussion of a wave of insolvency has been rife since the onset of the Covid-19 Pandemic, yet it is still to materialise, we asked those working in and around the financial restructuring and insolvency space in Europe about their expectations of activity for the remainder of 2021 and into 2022.

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The findings are conclusive, despite what European Governments have said, most respondents believe they will still be propping up some businesses to the end of 2021 and as a result are not expecting the “Wave of Insolvency” until 2022. Unsurprisingly, Retail, Hospitality & Leisure, and Travel & Tourism are all expected to receive additional financial support, but despite this, there will still be casualties, most likely amongst smaller companies. However, questions remain over what this means for the longer term, and how companies will continue under the burden of large debts and how they reassure and communicate a path forward.

This report has be written with our partners in the /amo Network : Havas Paris, Deekeling Arndt, Hirzel.Neef.Schmid.Konsulenten, Grupo Albiòn and Havas PR.

About the Author

Vikki Kosmalska

vkosmalska@maitland.co.uk

Vikki has significant experience in advising financial and professional services companies, with particular experience working with legal, insurance and corporate finance firms providing reputation management advice

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