Restructuring in the Covid-19 era: What is the cost of missed opportunity?

Restructuring in the Covid-19 era: What is the cost of missed opportunity?

Please see the recording of the webinar here. 

The coronavirus pandemic has triggered a serious economic crisis in developed and emerging markets alike and severely impacted businesses across the world. What is the cost if countries fail to use this crisis as an opportunity to introduce much needed reforms?

Given the external economic shocks triggered by the pandemic on demand and prices, should we expect definitive changes in demographic structures and economic geographies? Will the pandemic lead to a wave of insolvencies that could break up valuable long-standing economic relationships? What will be the effect on entrepreneurs, women, the youth and the vulnerable in society?

Our virtual discussion will address legal, economic and social perspectives relating to the issue of business failure and why regulators should be seizing the opportunity of the crisis to introduce long-lasting reforms that will benefit businesses, the wider economy and society as a whole.

Please join us for a virtual discussion featuring:

• Beata Javorcik, EBRD's Chief Economist, responsible for advising the President of the Bank on economic issues of strategic or operational relevance to the EBRD regions.
• Professor Ignacio Tirado, Secretary General of UNIDROIT.
• Barbara Rambousek,Director, Gender & Economic Inclusion, who leads the EBRD's projects and policy programmes on economic inclusion.
• Ugo Panizza, Professor of International Economics at the Graduate Institute of Geneva, Director of the International Centre for Monetary and Banking Studies (ICMB) and Vice President and Fellow of CEPR.

Our webinar will be moderated by: Rodrigo Olivares-Caminal, professor in Banking and Finance Law at the Centre for Commercial Law Studies (CCLS) at Queen Mary University of London.

This event is the third webinar of a series of discussions hosted by the EBRD's Legal Transition Team in connection with the launch of a new project by the EBRD to assess the extensiveness and effectiveness of business reorganisation frameworks across all 38 economies where we invest.

For further details, please see ebrd-restructuring.com​

If you have any queries or would like to submit questions in advance, please contact belld@ebrd.com