Firms Publications

Principaux changements en droit français des procédures collectives

Mon, 03/31/2014 - 09:22

Entrant en vigueur le 1er juillet 2014.

Important Changes to French Insolvency Legislation

Mon, 03/31/2014 - 09:18

Effective as of 1 July 2014.

Refinanciación y reestructuración de deuda corporativa en España

Thu, 03/13/2014 - 14:38

El 9 de marzo de 2014 entraron en vigor diversas e importantes modificaciones a la Ley Concursal en relación con la refinanciación y reestructuración preconcursal de deudas de sociedades en virtud del Real Decreto-Ley 4/2014 (RDL 4/2014). El objetivo de la reforma es garantizar la supervivencia de sociedades con un importante apalancamiento y tensiones financieras pero, que son viables desde un punto de vista operativo, mediante un ordenado y equilibrado sistema de acuerdos con acreedores, ampliando las posibilidades hasta la fecha disponibles para una eventual refinanciación.

Refinancing and restructuring corporate debt in Spain

Thu, 03/13/2014 - 14:38

Significant reforms to Spanish insolvency law to facilitate the refinancing and restructuring of corporate debt came into force on 9 March 2014 via the approval of Royal Decree-Law 4/2014 (RDL). The aim of the reform is to ensure the survival of highly leveraged companies, which are viable from an operational point of view, through an orderly and balanced system of agreements with creditors and a wider range of refinancing options.

Lehman Brothers International (Europe) – Payment of fourth interim dividend to unsecured creditors

Fri, 03/07/2014 - 09:13

The administrators of Lehman Brothers International (Europe) (LBIE) have announced that they will pay a fourth interim dividend of 7.8 pence to unsecured creditors no later than 28 May 2014, with the current intention being to pay the dividend on or around 30 April 2014. The fourth dividend payment will take the cumulative dividend declared and paid by LBIE to 100%. Issues concerning the surplus in the administration remain to be resolved.

In Barnet the Second Circuit departs from precedent and sets the stage for potential circuit split

Tue, 02/11/2014 - 14:06

In In re Barnet, the U.S. Court of Appeals for the Second Circuit held that foreign entities seeking recognition under chapter 15 of the Bankruptcy Code must have a residence, domicile, place of business or assets in the U.S. The Second Circuit reversed the bankruptcy court which had granted recognition under chapter 15 to an Australian company that had not introduced any evidence of assets or operations in the U.S. Within a week of the Barnet decision, the Bankruptcy Court for the District of Delaware issued a conflicting opinion in In re Bemarmara Consulting a.s. 

Reform of the Belgian State Council: some remarkable changes

Tue, 02/11/2014 - 11:47

New legislation on the Belgian State Council aims to shorten proceedings and add flexibility.

Slovak Republic: the position of directors of companies in financial difficulty

Wed, 02/05/2014 - 05:39

Fact sheet for directors' duties for the Slovak Republic

France: corporate restructuring and insolvency procedures

Thu, 01/30/2014 - 05:34

Factsheet considering Insolvency Proceedings in France

The Credit Institutions Regulations

Wed, 01/08/2014 - 11:47

The Credit Institutions Regulations 2004 (the Regulations) determine in which EEA Member State reorganisation or insolvency proceedings can be commenced in respect of a credit institution, and the law that governs those proceedings. (Credit institutions are outside the scope of the EC Regulation on Insolvency Proceedings.)