On Tuesday, 21 July Lauren Kreamer presented a webinar titled The Part A1 Moratorium Comes of Age – Strategy, Pitfalls and Practical Lessons. Click here to view the recording of the webinar.

Introduced by the Corporate Insolvency and Governance Act 2020 but long regarded as an underused tool in the restructuring toolkit, the standalone moratorium gives distressed companies breathing space from creditor action while they consider their options and is finally attracting the attention of directors and their advisors.

This webinar examined how the moratorium is being deployed in practice, what it can realistically achieve, and where the traps lie for directors and their advisors.

Lauren Kreamer has acted on a large proportion of the moratorium applications – both for the imposition of the initial period of the moratorium and for lengthier extensions – this year, and her session covered the strategic approach to these applications, the role and responsibilities of the monitor, extensions and exits, and the practical lessons emerging from the latest wave of cases.