FEBRUARY 2018 • SUMMARY v NEW LEGISLATION NOTIONAL PYRAMID GARRIGUES ARCHIVES CURRENT NEWS FEBRUARY 2018 - SPECIAL Nº50 (2009 - 2018) WHAT IS THE CURRENT SITUATION OF NPLs IN THE EUROPEAN UNION?
European Union, Spain, Insolvency & Restructuring, Litigation, Garrigues, European Commission, European Parliament
The federal government has stopped fighting court rulings that allowed an import company, which was facing steep penalty tariffs, to file bankruptcy and transfer its assets to a new business formed by the debtor's principals. The move is important to small to mid-size companies that want to rid themselves of substantial liabilities by selling assets to a new entity with identical ownership, "free and clear" under section 363 of the Bankruptcy Code.
USA, Corporate Finance/M&A, Insolvency & Restructuring, Armstrong Teasdale LLP, Bankruptcy, Credit (finance), Dumping (pricing policy), Investment banking, Liability (financial accounting), Tariff, Valuation (finance), US Department of Commerce, US Federal Government, Title 11 of the US Code, United States bankruptcy court