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Devi Shah is a partner and co-head of the Restructuring practice of the London office. With 25+years' experience, she advises on all aspects of restructuring and insolvency and has a particular interest in international and cross-border insolvency and restructuring matters, as well as pensions- and insurance- related restructurings.  She has worked on high-profile transactions across a range of sectors including retail, energy, mining, real estate, insurance, financial services and automotive.

Devi's broad practice spans pre-investment structuring advice; restructuring and enforcement options analysis; transactional, out of court restructurings including schemes of arrangement and consensual deals utilising inter-creditor mechanics; as well as advising on formal insolvency appointment and contentious matters, such as investigations, clawback claims and the use of statutory information-gathering powers. She has led on matters in this area across all levels of the courts in the UK, including in the Supreme Court.

On 25 June 2020, the Corporate Insolvency and Governance Bill (the “Bill”) received Royal Assent and on 26 June 2020 CIGA came into force. The restructuring team in Mayer Brown’s London office have previously commented on the different elements of the Bill in a series of blog posts and podcasts. CIGA was swiftly followed by the introduction of The Pension Protection Fund (Moratorium and Arrangements and Reconstruction for Companies in Financial Difficulty) Regulations 2020 (the “Regulations“), which came into force on 7 July and were subsequently amended yesterday on 23 July. Now that CIGA is in force, we take a closer look at the legislation from a pensions perspective.

Continue Reading The UK Corporate Insolvency and Governance Act 2020 (“CIGA”) from a Pensions Perspective