Chapter 11 is known as a forum for reorganising or selling a financially distressed business. Chapter 11 allows companies to reject burden some contractual obligations, to shed non-core assets, and to “cleanup” the balance sheet by writing off unsecured debt.

The construction sector in France and in Europe has been deeply damaged by the economic crisis.

The Prospectus Directive 2003/71/EC (the "Prospectus Directive") and the Prospectus Regulation No 809/2004 (the "Prospectus Regulation") were amended by Directive 2010/73/EU (the "Amending Directive") and Regulations Nos 311/2012, 486/2012 and 862/2012 (together the "New Prospectus Regulation") respectively.

The High Court recently ruled on the use of exit consents in relation to an exchange offer as part of a debt restructuring where the original bond issue was governed by English law.

On December 10, 2012, the Federal Deposit Insurance Corporation (“FDIC”) and the Bank of England (“BoE”) released a joint paper entitled “Resolving Globally Active, Systemically Important, Financial Institutions” outlining a resolution strategy for global systemically important financial institutions.

On 3 May 2012, interchanges occur frequently. bankruptcy proceedings On the basis of the engine were commenced documentation, the trustees against the Danish airline established that the engines had...

Drafted in the context of a World Bank project, the Romanian Insolvency Code will be the first instrument of such complexity in the European Union

On 19 January 2013 numerous significant amendments to the Ukrainian insolvency law (“On Restoring Debtors’ Solvency or Declaring Bankruptcy”) became effective.

EUROPEAN UPDATE: Olympic Airlines: When Is an Establishment Truly Established? (citation: Adam Gallagher and Roger Lawrence, Olympic Airlines: When Is an Establishment Truly Established?, XXXII ABI Journal 8, 44-45, 92-93, September 2013) - Adam Gallagher

For decades, Europeans have agonized over the power and role of Germany — the so-called German question — given its importance to European stability and prosperity, the International Herald Tribune reported. Today, however, Europe is talking about “the French question”: can the Socialist government of President François Hollande pull France out of its slow decline and prevent it from slipping permanently into Europe’s second tier? At stake is whether a social democratic system that for decades prided itself on being the model for providing a stable and high standard of living for i