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Insolvency and Climate Change
In this episode of the International Insolvency
Institute’s Global
Perspectives podcast, we covered the interaction between insolvency law and
climate change. Our expert panelists were Antonia
Menezes (Senior Financial Sector Specialist at the World Bank Group, III
Member) and Gabriel
Olivera (O’Melveny’s, III NextGen member).
After a short clarification on the
terminology applicable to insolvency cases strictly connected with climate
change issues, our panelists discussed the topic from a practical perspective. Mr
Olivera discussed the importance and implications of the recent bankruptcies of
Pacific Gas & Electric, as well as Basic Water Company. Ms. Menezes spoke
about the role that MSEs may play in mitigating climate change, and what states
can do to better equip these companies to deal with climate change issues. The
podcast concludes with a discussion on the ramifications of climate change for
the economy, as well as on the initiative currently undertaken by the World
Bank to develop practical guidance on how to approach this issue from a
statutory perspective.
NextGen’s Chairperson, Adam Crane (Baker & Partners
in the Cayman Islands), introduces this podcast, which has been moderated by Dr Eugenio
Vaccari (Royal Holloway, University of London). The podcast was recorded in
late April 2024, with information correct at the time of the recording.
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By International Insolvency Institute
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22 ratings
In this episode of the International Insolvency
Institute’s Global
Perspectives podcast, we covered the interaction between insolvency law and
climate change. Our expert panelists were Antonia
Menezes (Senior Financial Sector Specialist at the World Bank Group, III
Member) and Gabriel
Olivera (O’Melveny’s, III NextGen member).
After a short clarification on the
terminology applicable to insolvency cases strictly connected with climate
change issues, our panelists discussed the topic from a practical perspective. Mr
Olivera discussed the importance and implications of the recent bankruptcies of
Pacific Gas & Electric, as well as Basic Water Company. Ms. Menezes spoke
about the role that MSEs may play in mitigating climate change, and what states
can do to better equip these companies to deal with climate change issues. The
podcast concludes with a discussion on the ramifications of climate change for
the economy, as well as on the initiative currently undertaken by the World
Bank to develop practical guidance on how to approach this issue from a
statutory perspective.
NextGen’s Chairperson, Adam Crane (Baker & Partners
in the Cayman Islands), introduces this podcast, which has been moderated by Dr Eugenio
Vaccari (Royal Holloway, University of London). The podcast was recorded in
late April 2024, with information correct at the time of the recording.