or the legislator contemplating domestic and cross-border insolvency law reform, a profusion of advice exists. Work by the international institutions has seen the creation of soft-law instruments and guides such as the UNCITRAL Model Law on Cross-Border Insolvency 1997 (with its accompanying Guide to Enactment) and the follow-up Legislative Guide on Insolvency Law Recommendations 2004....

In March 2008 the author wrote an article on a Spanish bankruptcy case in which a client of his was (and still is) involved, concerning a Spanish company and its liquidators who “took the money and ran”, at least with the money they should have paid to his client. The author initiated legal proceedings against the liquidators in February 2005. By the time of writing the article in March 2008, he was still waiting for one of the many Madrid courts to be declared competent. In October 2008 that was decided by the appeals court of Madrid.

Introduction

On July 3 2012 the Prospectus Revision Law was passed, which:

Update amendments Dutch regulatory law per 1 January 2013

A decision of the English Commercial Court last year emphasises that a foreign restructuring/composition plan will not automatically discharge a debtor from liability under a contract governed by English law. In certain circumstances this may enable a subsequent purchaser of the distressed debt to enforce against the debtor and obtain a judgment for the full value of the debt plus interest.

EUROPEAN UPDATE: English Schemes of Arrangement: A Tool for European Restructuring (citation: Adam Gallagher and Victoria Cromwell, English Schemes of Arrangement: A Tool for European Restructuring, XXXI ABI Journal 8, 38-39, 90-91, September 2012) - Adam Gallagher and Victoria Cromwell

The Academic Forum’s Sixth Joint Conference was a collaboration with the Nottingham Law School, located within the City of Nottingham in the East Midlands. The conference had as its theme: “Too Big to Fail? Large National and International Failures under the Spotlight”. The intention of proceedings was to chart major developments in recent years, particularly in light of the on-going financial crisis, with respect to the insolvency of major components of the banking, business and financial environments. After an introduction and welcome by....

Summer 2012

If there's one nationality the rest of the world thinks it readily and totally understands, it is the Germans. Combine their deep involvement with Nazism and anti-Semitism and, voila!

Some euro-zone members have been calling for the permanent bailout fund to be provided with a banking license that would provide it with unlimited access to money from the European Central Bank. The "bazooka" option might help crisis countries in the short term, but it would entail massive risks in the long run, Spiegel Online reported in an analysis. The bazooka isn't just the name of a portable American antitank weapon. Recently it has also become the synonym for a financial super weapon that is supposed to end the euro crisis once and for all.