Rank Inequality: The Consequences of the Creation of “Super Priority” Debts Under the Corporate Insolvency and Governance Act 2020 Moratorium
By Paul Hastings Professional
In this article the authors consider the consequences of the creation of “super
priority” debts under the Corporate Insolvency and Governance Act 2020 (CIGA)
moratorium, including the effect on secured creditors, priority as between holders of
Super Priority debt and the potential impact on floating charge holders.
This article first appeared in the February issue of Butterworths Journal of International Banking and Financial Law.