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NPLs: Second progress report by the European Commission and package of measures to accelerate the reduction of NPEs

On March 14, 2018 the European Commission presented the Second Progress Report on the reduction of non-performing loans (“NPLs”). The report comprises a memo and a factsheet, whose versions in English can be obtained on the website of the European Commission, which also distributed a press release (English version).

European Union, Insolvency & Restructuring, Garrigues, European Commission
Brexit y fin del período de transición: impactos concursales y pre-concursales a partir del 31 de diciembre de 2020

El pasado 28 de febrero la Comisión Europea publicó el Borrador de Acuerdo sobre la retirada del Reino Unido de la Unión Europea (“UE”).

European Union, United Kingdom, Insolvency & Restructuring, Garrigues, Brexit, European Commission
Brexit and the end of the transition period: insolvency and pre-insolvency impacts from December 31, 2020 onwards

On February 28 last the European Commission published the Draft Agreement on the withdrawal of the United Kingdom from the European Union (“EU”).

European Union, Spain, United Kingdom, Insolvency & Restructuring, Public, Garrigues, Brexit, European Commission
Important amendments to the Bulgarian Commerce Act

We saw important amendments to the Bulgarian Commerce Act (the “Act”) come to life at the very end of 2016, most notably regarding:

Notary certifications – currently in effect

Bulgaria, Company & Commercial, Insolvency & Restructuring, CMS Cameron McKenna Nabarro Olswang LLP
Changes to insolvency procedure

A number of changes have been made to insolvency procedure to remove various discrepancies and controversial practices:

Bulgaria, Insolvency & Restructuring, CMS Cameron McKenna Nabarro Olswang LLP, Bankruptcy, Costs in English law, Debtor, Debt, Secured creditor, Capital punishment