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Key European developments

European Commission Work Programme

European Union, Banking, Capital Markets, Insolvency & Restructuring, White Collar Crime, Arthur Cox LLP, European Commission, European Economic Area, European Banking Authority
Personal Insolvency Act 2012

This Briefing contains a general summary of developments and is not a complete or definitive statement of the law. It also updates the Briefing published in July 2012 on the Personal Insolvency Bill. Specific legal advice should be obtained where appropriate.

Ireland, Insolvency & Restructuring, Arthur Cox LLP, Debtor, Unsecured debt, Debt, Secured loan
Ruling interprets Bankruptcy Code provision to allow debtors to evade credit bid rights of secured creditors

On March 22, 2010, a three judge panel of the United States Court of Appeals for the Third Circuit issued a highly anticipated decision in the matter of In re Philadelphia Newspapers LLC, 2010 WL 1006647, (3rd Cir. Case No.

USA, Insolvency & Restructuring, Litigation, Nelson Mullins Riley & Scarborough LLP, Bankruptcy, Credit (finance), Debtor, Collateral (finance), Limited liability company, Secured creditor, Secured loan, Title 11 of the US Code, United States bankruptcy court, Fifth Circuit, Third Circuit
Officers and directors of troubled banks at risk of personal liability

In 2009, there were 140 failed banks. So far this year, 16 more banks have been seized by the FDIC. There are 702 banks currently on the FDIC's troubled banks list, and regulators and analysts predict that several hundred of those likely will fail over the next two years.

USA, Banking, Insolvency & Restructuring, Nelson Mullins Riley & Scarborough LLP, Shareholder, Fraud, Board of directors, Market liquidity, Mortgage loan, Summary offence, Holding company, Underwriting, Community bank, US Federal Government, Federal Deposit Insurance Corporation (USA)