Europe

Results for Europe

Country Reports Spring 2016

Italy: New provisions for banks in financial difficulties. Italy has recently enforced new provisions concerning the management of banks’ and intermediaries’ crises following the European Union directives, concerning the saving of four Italian banks. ...

Resource Article - twallace@abiwor... - 06/28/2016 - 16:50 - 0 comments - 1 attachment

Essential Pensions News | June 2016

Essential Pensions News covers the latest pensions developments each month. Read more. (Europe) bankruptcy,insolvency,headlines,articles,legislatives,debt,resources,insol,Europe ...

Resource Article - twallace@abiwor... - 06/28/2016 - 16:39 - 0 comments - 0 attachments

Court Approval of Refinancing Agreements in Spain

The 4th Additional Provision of Law 22/2003 of July 9, on Spanish Insolvency (the “Insolvency Law”) regulates one of the main pre- insolvency instruments existing in Spanish law: court approval of refinancing agreements between a debtor company and its creditors. Attachment Size ...

Resource Article - twallace@abiwor... - 06/28/2016 - 16:38 - 0 comments - 1 attachment

Another bill on partnerships on the way?

After the latest bill for the modernisation of the Dutch law on partnerships foundered in 2011, a working group made up of lawyers and tax specialists drawn from practice, academia and the corporate world took up the cause in an initiative launched later ...

Resource Article - twallace@abiwor... - 06/28/2016 - 16:37 - 0 comments - 0 attachments

Supreme Court confirms approach to contractual construction of commercial contracts

It has been a long journey, albeit an expedited one, for Lloyds Banking Group (the “Bank”) to confirm its right to redeem certain contingent convertible notes (“ECNs”) issued in 2009 as part of a capital raising programme following the financial crisis o ...

Resource Article - twallace@abiwor... - 06/28/2016 - 16:34 - 0 comments - 0 attachments

When International Investment Arbitration meets Insolvency

Dan Cake S.A is a Portuguese company whose scope of activity is the manufacturing of cakes, cookies, biscuits and toasts. It was incorporated in Portugal in 1979. In 1996 it acquired a capital participation in a Hungarian company that was later renamed D ...

Resource Article - twallace@abiwor... - 06/28/2016 - 16:25 - 0 comments - 1 attachment

EIR Recast: Some tiny interesting details...

Tinteresting details in the old-new (recast) cross-border insolvency Regulation 2015/848. I do not want to deal with the big questions, like hybrid, pre- insolvency proceedings, or the insolvency proceedings of members of a group of companies, I only wan ...

Resource Article - twallace@abiwor... - 06/28/2016 - 15:45 - 0 comments - 1 attachment

Luxembourg's New Publication System - Quicker and More Cost-effective

On 1 June 2016, the Luxembourg official gazette (Mémorial C) was replaced by an electronic central publication platform (called "RESA"). Legal notices about Luxembourg companies and associations will now be published automatically on RESA when ...

Resource Article - twallace@abiwor... - 06/28/2016 - 15:40 - 0 comments - 0 attachments

Pensions briefing - The Regulator’s 2016 DB Funding Statement - greater employer contributions expected where there is “sufficient affordability”

The Pensions Regulator (TPR) has published its fifth annual DB funding statement (8 pages) which, it says, should be read in conjunction with the DB Code of Practice, which TPR expects trustees to take into account in their valuations. It is aimed princi ...

Resource Article - twallace@abiwor... - 06/28/2016 - 15:37 - 0 comments - 0 attachments

European Insolvency Law Harmonisation: The idea that has dared to speak its name

In this journal just over three years ago, this author was of the view that: “It is difficult to see member states agreeing to proposals from the European institutions for substantive rapprochement of their internal [insolvency] laws unless there were ov ...

Resource Article - twallace@abiwor... - 06/28/2016 - 15:33 - 0 comments - 1 attachment

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