Umakanth Varottil spoke at the Joint Conference on Schemes of Arrangement at the University of Oxford on 12 January 2017

On 12 January 2017, CBFL Exco Member Umakanth Varottil presented a paper on “The Scheme of Arrangement as a Debt Restructuring Tool in India: Problems and Prospects” at a conference jointly hosted by the Commercial Law Centre, Harris Manchester College, University of Oxford and the National University of Singapore’s Centre for Law and Business that considered the Scheme of Arrangement as a debt restructuring tool. He explored the possible reasons for the failure of the Indian Scheme of Arrangement to gain the currency and popularity that it has enjoyed in jurisdictions like Singapore or England and Wales, emphasising a range of institutional factors and the parallel development of other formal and informal resolution mechanisms.