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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
Enforceability opinions – the ongoing need for indemnities

In dealing with collateral provided by a third party to support the obligations of the prime debtor, lenders and their counsel need to remember the impact of the federal Bankruptcy and Insolvency Act.

Ontario’s Personal Property Security Act (PPSA) was amended to broaden the definition of the word “debtor.” However, the Bankruptcy and Insolvency Act’s (BIA) definition of a “secured creditor” is still restricted to a person holding a charge or a lien “as security for debt due or accruing to the person (lender) holding the debt.”

Canada, Ontario, Insolvency & Restructuring, Miller Thomson LLP, Shareholder, Debtor, Collateral (finance), Interest, Debt, Secured creditor, Secured loan, Bankruptcy and Insolvency Act 1985 (Canada), Uniform Commercial Code (USA), Personal Property Security Act 1990 (Canada)