In the years that preceded the financial crisis in 2008, private equity sponsors could easily find priced leverage financing. The most typical type of investment that was carried out, particularly in 2004 and 2005, consisted in a direct investment with an amount of maximum 15% for equity stake (found after having launched an off-shore investment fund), and generally 85% of hybrid instruments also reserved to stakeholders.

Europe: The Next Frontier in Restructuring?, 2012 ABI Mid-Level Professional Development Program - James Chesterman, Matthew Bonanno, David Riddell, Dennis Ruggere

THE INTERNATIONAL SCENE: Finding Equity in the Ruins: U.K. Supreme Court Rules on Lehman Client-Money Claims (citation: Scott Cargill and Richard J. Corbi, Finding Equity in the Ruins: U.K. Supreme Court Rules on Lehman Client-Money Claims, XXXI ABI Journal 10, 32-33, 51, November 2012) - Richard J. Corbi, Scott Cargill

EUROPEAN UPDATE: Consumer Bankruptcy Law Reform in Germany: Is It Any Good? (citation: Dr. Annerose Tashiro, Consumer Bankruptcy Law Reform in Germany: Is It Any Good?, XXXI ABI Journal 10, 44-45, 90, November 2012) - Annerose Tashiro

Cyprus’ strategic location at the crossroads of three continents, between Europe, Asia, the Middle East and Africa, has made it a natural hub for international trade throughout history. Today the island’s strategic location, combined with its membership of the EU and the Eurozone make Cyprus the ideal base for multinational corporations to manage their business, not only in the region, but worldwide.

When European Central Bank President Mario Draghi announced in late July that the ECB would “do whatever it takes” to prevent so-called “re-denomination risk” (the threat that some countries might be forced to give up the euro and reintroduce their own currencies), Spanish and Italian sovereign-bond yields fell immediately.

The International Monetary Fund and Europe remain deadlocked over how to tackle Greece's debt crisis, with Europe willing to consider only lower interest rates and longer debt repayments, while the IMF is pushing for a debt restructuring, according to senior European officials. "We are still apart.

Under French law, unlike in many other foreign countries, the applicable law has been established by case law on insolvency matters. The French law governing bankruptcy procedures does not include any provisions on private international law. Indeed, the law relating to insolvency proceedings is settled in articles L.600-1 of the Commercial Code, as amended by the Act of 26 July 2005 (establishing the safeguard procedure inspired by the American law).

America Now! - ABI's 2012 International Insolvency & Restructuring Symposium, Rome - Lucio Ghia, Donald S. Bernstein, James L. Bromley, Bryan P. Marsal, Hon. James M. Peck

Super-Priority Financing in Europe: New Dawn or False Dawn? - ABI's 2012 International Insolvency & Restructuring Symposium, Rome - Nancy A. Peterman, Lodovico Zocca, H. Phillip Esser, Fabrice Keller, David Wilton