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EuroResource--deals and debt

Recent Developments

Argentina, Cyprus, France, United Kingdom, USA, Banking, Insolvency & Restructuring, Litigation, Tax, Jones Day, Bond (finance), Hedge funds, Debt, Default (finance), UNCITRAL, Second Circuit
Euroresource--deals and debt

Recent Developments

Argentina, Germany, Global, Spain, Banking, Insolvency & Restructuring, Litigation, Jones Day, Bond (finance), Debt, Default (finance), Second Circuit
Euroresource--deals and debt

Recent Developments

Argentina, European Union, USA, New York, Banking, Insolvency & Restructuring, Litigation, Public, Jones Day, Bond (finance), Bankruptcy, Hedge funds, Debt, Default (finance), Debt restructuring, ECB, Second Circuit
EuroResource--deals and debt

Global—On 26 October 2012, the U.S. Court of Appeals for the Second Circuit, in a ruling that may impact sovereign debt restructurings, upheld a lower court order enjoining Argentina from making payments on restructured defaulted debt without making comparable payments to bondholders who did not participate in the restructuring.

Spain, United Kingdom, USA, Insolvency & Restructuring, Litigation, Jones Day, Bond (finance), Injunction, Security (finance), Debt, Default (finance), Second Circuit
Euroresource--deals and debt

Recent Developments

European Union, Germany, Italy, United Kingdom, Banking, Insolvency & Restructuring, Litigation, Jones Day, Debtor, Board of directors, European Commission, European Banking Authority, ECB
Euroresource—deals and debt

Recent Developments

Belgium, Italy, Spain, United Kingdom, Banking, Competition & Antitrust, Insolvency & Restructuring, Litigation, Tax, Jones Day
New financial services firms have to contribute for Phoenix insolvency

Generally, financial services firms in Germany (Finanzdienstleistungsinstitute) are mandatory members of a protection scheme (Entschädigungseinrichtung der Wertpapierhandelsunternehmen - EdW). Members of this protection scheme are obliged to make regular financial contributions.

In 2005 Phoenix Kapitaldienst GmbH became insolvent and the EdW is due to pay out to Phoenix investors compensation which totals more than 100 million Euros. However, the EdW has insufficient funds to cover the entire amount due.

Germany, Banking, Capital Markets, Insolvency & Restructuring, Insurance, Norton Rose Fulbright, Legal personality, Option (finance), Deposit insurance, Consensus decision-making, Federal Financial Supervisory Authority (Germany)