Through the EU Directive on Restructuring and Insolvency of 20 June 2019 (EUR 2019/1023, “Directive”), the European Union has imposed an obligation on its member states to offer a more attractive and flexible restructuring scheme in their respective local law. The initial deadline to do so had been 17 July 2021. Only a handful of countries (most notably Germany and The Netherlands) had implemented the Directive within the initial deadline, whilst the other countries made use of the possibility to ask for a one year extension.
Hector Arroyo is a partner in the Firm's Restructuring & Insolvency Group in Paris. He is experienced in financial restructuring, insolvency and distressed M&A, including in a multi-jurisdictional context. Hector focuses on advising international creditors, such as foreign banks, private equity funds and hedge funds and also debtors in complex restructurings. His practice also encompasses acting for institutions investing in distressed situations. Hector Arroyo is Founder and Honorary President of the Association des Jeunes Professionnels du Restructuring (AJR), and a member of the Association pour le Retournement des Entreprises (ARE). He was previously a partner at Bremond & Associés, where he practiced for 10 years.