Latham & Watkins operates worldwide as a limited liability partnership organized under the laws of the State of Delaware (USA) with affiliated limited liability partnerships conducting the practice in the United
Kingdom, France, Italy and Singapore and as affiliated partnerships conducting the practice in Hong Kong and Japan. The Law Office of Salman M. Al-Sudairi is Latham & Watkins associated office in the

Latham & Watkins operates worldwide as a limited liability partnership organized under the laws of the State of Delaware (USA) with affiliated limited liability partnerships conducting the practice in the United
Kingdom, France, Italy and Singapore and as affiliated partnerships conducting the practice in Hong Kong and Japan. The Law Office of Salman M. Al-Sudairi is Latham & Watkins associated office in the

Pocas veces una legislación “moderna” (recordemos que el texto original de la Ley Concursal es de 2003) ha sido objeto de tanta modificación (en sus diez años de vigencia lleva más de 16 modificaciones). Lo que es seguro es que no será la última, de hecho en las próximas semanas verá la luz la Ley por la que se adoptan medidas urgentes en materia de refinanciación y reestructuración de deuda empresarial (procedente del Real Decreto-ley 4/2014, de 7 de marzo), un auténtico ejemplo de “reforma de la reforma”.

Latham & Watkins operates worldwide as a limited liability partnership organized under the laws of the State of Delaware (USA) with affiliated limited liability partnerships conducting the practice in the United
Kingdom, France, Italy and Singapore and as affiliated partnerships conducting the practice in Hong Kong and Japan. The Law Office of Salman M. Al-Sudairi is Latham & Watkins associated office in the

Latham & Watkins operates worldwide as a limited liability partnership organized under the laws of the State of Delaware (USA) with affiliated limited liability partnerships conducting the practice in the United
Kingdom, France, Italy and Singapore and as affiliated partnerships conducting the practice in Hong Kong and Japan. Latham & Watkins practices in Saudi Arabia in association with the Law Office of Salman M.

In re Madoff Securities Extends Morrison Framework to Prevent Avoidance of Purely Foreign Transfers under SIPA and the Bankruptcy Code

1.- Antecedentes

Frank Grell is a partner at Latham & Watkins who chairs the firm’s German Restructuring and Insolvency Practice. In this interview, he reflects on several successful applications of the German Insolvency Act (Insolvenzordnung) since the law was passed in 2012 and the continued shift towards a restructuring-based approach to large corporate insolvencies.

1. Introducción

Entre las medidas de refinanciación de las empresas con problemas de solvencia o liquidez que ha previsto el Real Decreto-ley 4/2014, de 7 de marzo, destacan los estímulos para incentivar la conversión en capital (acciones o participaciones) de la deuda financiera, cuyos costes a menudo lastran la supervivencia de la empresa.