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WE CAN WORK IT OUT - New Rules and Second Lives for Bankrupt Companies

The rules of corporate survival are being rewritten. We still picture bankruptcy as a final implosion — failure, collapse, the dust settling on the wreckage — but the reality is shifting fast.

The UK has quietly become a more company-friendly restructuring environment. Management can now seek increased protection from creditors, tilting the balance toward rescue rather than receivership. And with US-style bankruptcy tools increasingly embedded in UK law, distressed companies now have a better chance of surviving intact.

But new legal tools alone don’t save companies — leaders do.  Anat R. Admati, George G.C. Parker Professor of Finance and Economics at Stanford University Graduate School of Business, and her fellow panellists, will unpack the practical mechanics of corporate rescue: when to seek breathing space, how to negotiate with creditors, how to protect the talent and assets that matter, and how to communicate when confidence is collapsing.

Bankruptcy is no longer the end of the story. In the new landscape, it can be a beginning.

Anat Admati

Anat R. Admati is the George G.C. Parker Professor of Finance and Economics at Stanford University Graduate School of Business, where she is also a Faculty Director of the . She also a senior fellow at and (by courtesy) of the , where she directs the at the .

Admati has written extensively on information dissemination in financial markets, portfolio management, financial contracting, corporate governance and banking. Her current research, teaching and advocacy focus on the complex interactions between business, law, and policy with focus on governance and accountability.

Since 2010, Admati has been active in the policy debate on financial regulations. She is the co-author, with Martin Hellwig, of the highly acclaimed book The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It (¿ìÉ«Ö±²¥, 2013), whose expanded edition was published in 2024. In 2014, she was named by Time Magazine as one of the and by Foreign Policy Magazine as among .

Admati holds BSc from the Hebrew University, MA, MPhil and PhD from Yale University, and an honorary doctorate from University of Zurich. She is a fellow of the Econometric Society, the recipient of multiple fellowships, research grants, and paper recognition, and is a past board member of the American Finance Association. She has served on several editorial boards and was a member of the FDIC’s Systemic Resolution Advisory Committee and the CFTC’s Market Risk Advisory Committee.