Global Insolvency | Daily News Headlines on Insolvency Developments across the Globe

Country Reports for Belarus, Spain and Estonia

Belarus: New draft laws on insolvency. The Government of the Republic of Belarus has submitted a new draft law on insolvency to the Parliament. The Resolution No.9 of the Ministry of Economy ‘On electronic bidding for the sale of property in economic insolvency (bankruptcy) proceedings” will come into force on 13 November 2019.

Bank insolvencies in Central and Eastern European legislation by Dr. Richárd Bódis

The financial crisis of 2008 affected the economic players more than ever, with the winding-up of a large number of financial institutions worldwide. Due to the specialisation of banks among other legal entities, insolvency is a scenario to be avoided, with restructuring being the more favourable solution.

Article from INSOL Europe (06 - 12 March 2017) GlobalINSOLvency Editorial Board

Estonia is well-known in Europe as a highly developed country in the ICT sector. Almost everyone has encountered the headlines about Estonia as a “startup paradise” (the Reddit), “the most digitalized country” (MarketWatch), “digital utopia” or “internet titan” (the Guardian), “leader in technology” (the Economist) etc.

Evolution of Estonian E-auctions?

The word “auction” is derived from the Latinaugeō which means “I increase” or “I augment”. For most of history, auctions have been a relatively uncommon way to negotiate the exchange of goods and commodities. In practice, both bargaining and sale by set-price have been significantly more common.

REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE

REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE on the application of Council Regulation (EC) No 1346/2000 of 29 May 2000 on insolvency proceedings The European Commission has published its report on the application of the EC Regulation on Insolvency Proceedings, together with proposals for amendments to the Regulation.

Winter Country Reports

The Eastern European Conference – snapping at the heels of the Annual Congress on content and entertainment

The annual Eastern European Countries’ Committee (EECC) Conference took place in May in Estonia. Here, Carlos Mack, EECC co-chair, looks at the big issues.

New law in Estonia to help insolvent individuals

The goal of the Debt Restructuring and Debt Protection Act (743 SE) is to afford debt restructuring for individuals in financial difficulties, to enable them to overcome the difficulties and prevent a bankruptcy procedure as stipulated in the Bankruptcy Act, providing that the creditors’ and debtor’s legitimate interests are observed in the restructuring proceeding.

Baltic Bet: Why Fiscally Prudent Estonia Wants To Join The Troubled Euro

It takes only a brief visit to the Bank of Estonia’s small basement museum to grasp what turbulent decades the Baltic states have endured, The Economist reported. This corner of Europe’s “bloodlands” between Russia and Germany saw a bewildering succession of currencies: roubles (tsarist and Soviet), marks (imperial and Nazi) and, among these, a cherished era of Estonian money, from 1919 to 1940.