In this Ropes & Gray podcast, U.S.-based capital solutions partner Alyson Gal is joined by her London-based business restructuring colleagues, partner Matt Czyzyk and associate Natalie Raine, to discuss recent developments in European restructuring regimes and the implications of these changes on the tools available to investors in European distressed situations. The discussion includes how restructurings have historically been handled in Europe; the impact of the 2020 Corporate Insolvency and Governance Act (CIGA), including the introduction of a new pre-insolvency tool known as the Part 26A restructuring plan; the various applications of the 2019 European Union directive on preventative restructuring frameworks by the Member States; as well as temporary measures put into place in Europe to support companies impacted by the global pandemic.