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Harmonisation of EU insolvency laws moving closer to a common approach
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On 13 December 2024, EU member states agreed on a ‘partial’ general approach to the harmonisation of insolvency law.

European Union, Insolvency & Restructuring, Freshfields, Insolvency, European Commission, European Parliament
Supreme Court Holds That a Non-Debtor Retaining a Debtor’s Property Does Not Exercise Control Over the Property in Violation of the Automatic Stay

In January 2020, we analyzed a split among the Circuit Courts regarding whether a non-debtor holding a debtor’s property on the petition date has an affirmative obligation under section 362(a)(3) of the Bankruptcy Code to return that property to the debtor immediately following the filing of the bankruptcy petition.

USA, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP