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    Potential effects of EC Commission proposal for changes to the EC Regulation on insolvency proceedings 2000
    2015-06-01

    Background – As Things Currently Stand

    The aim of EC Regulation on Insolvency Proceedings 2000 (the Regulation) is to improve the efficiency of insolvency proceedings with cross-border implications. It provides, within the EU, rules for determining:

    Filed under:
    European Union, Insolvency & Restructuring, Squire Patton Boggs, Forum shopping
    Authors:
    Andrew J. Knight , Cathryn Williams
    Location:
    European Union
    Firm:
    Squire Patton Boggs
    Presumed COMI and registered office of company subject to insolvency proceedings under the new EU regulation on insolvency proceedings
    2015-06-15

    Presumption, time limit for change of registered office and rationale behind the rule

    Filed under:
    European Union, Insolvency & Restructuring, Gomez-Acebo & Pombo Abogados
    Authors:
    Ángel Carrasco Perera
    Location:
    European Union
    Firm:
    Gomez-Acebo & Pombo Abogados
    Presunción de COMI y domicilio social de la sociedad concursada en el nuevo Reglamento comunitario de insolvencia
    2015-06-15

    La presunción, el tiempo del traslado social y la ratio de la norma

    Filed under:
    European Union, Insolvency & Restructuring, Gomez-Acebo & Pombo Abogados
    Authors:
    Ángel Carrasco Perera
    Location:
    European Union
    Firm:
    Gomez-Acebo & Pombo Abogados
    Do we need to fear a Grexit?
    2015-06-22

    Is it legally possible that Greece ceases to be a member of the Eurozone without exiting the EU and without changing the treaties which establish the European Union and what consequences would this have for existing contracts and outstanding bonds?

    We consider whether it is legally possible for Greece to cease being a member of the Eurozone and what consequences such “Grexit” would have for existing trade contracts and loans with counterparties in Greece and the government bonds issued by the Hellenic Republic.

    Filed under:
    European Union, Greece, Banking, Insolvency & Restructuring, Public, Squire Patton Boggs
    Authors:
    Jens Rinze
    Location:
    European Union, Greece
    Firm:
    Squire Patton Boggs
    Anti-avoidance insolvency provisions and the European insolvency regulation
    2015-05-06

    Key Point

    The ECJ has outlined how the protection afforded to a counterparty by Article 13 of the European Insolvency regulation works where an insolvency officeholder challenges a transaction governed by a law different from the one which applies to the insolvency of the estate generally.

    Facts

    Filed under:
    European Union, Insolvency & Restructuring, Litigation, Taylor Wessing, Liquidator (law), European Convention on Human Rights
    Authors:
    Brian Cain
    Location:
    European Union
    Firm:
    Taylor Wessing
    Supreme Court takes restrictive approach to the opening of secondary proceedings in England under EC insolvency regulation
    2015-05-07

    The Supreme Court has held that, in order to open secondary proceedings in England under EC Regulation 1346/2000 on Insolvency Proceedings, the company’s “establishment” within the jurisdiction must be a fixed place of business that is involved in a business activity that consists of dealings with third parties: The T

    Filed under:
    European Union, United Kingdom, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP
    Authors:
    Oliver Elgie
    Location:
    European Union, United Kingdom
    Firm:
    Herbert Smith Freehills LLP
    ECJ rules on Woolworths redundancy case
    2015-05-08

    As reported in our briefing last week, the European Court of Justice has delivered its judgment in the case of Union of Shop, Distributive & Allied Workers (USDAW) and another v WW Realisation 1 Ltd (in liquidation) and others (C–80/14) in relation to long running claims brought by former employees of national retailers Woolworths and Ethel Austin, which arose out of the administration and closure of all of their retail stores. The ECJ had to consider the meaning of “establishment” in the legislation, which triggers an obligation to undertake collective consultation when an employe

    Filed under:
    European Union, Employment & Labor, Insolvency & Restructuring, Litigation, Womble Bond Dickinson (UK) LLP, Retail, Employment tribunal, Court of Justice of the European Union
    Authors:
    Ed Duffield
    Location:
    European Union
    Firm:
    Womble Bond Dickinson (UK) LLP
    Contentious business update - Spring 2015
    2015-03-31

    spring 2015 contentious business update hilldickinson.com Law in Action Page 6 Consumer Rights Bill - all change? Page 8 Mediation – when is it reasonable to refuse? Page 12 Serious Fraud Office (SFO) -vWest, Stone and Sustainable Agro Energy plc (SAE) Gary West, the chief commercial officer of SAE and Stuart Stone, director of SJ Stone Ltd, were convicted of offences under the Bribery Act 2010 in the context of an overall prosecution for fraud against officers of SAE.

    Filed under:
    European Union, United Kingdom, Arbitration & ADR, Company & Commercial, Insolvency & Restructuring, Internet & Social Media, IT & Data Protection, Litigation, White Collar Crime, Hill Dickinson, Bribery, Serious Fraud Office (UK), Bribery Act 2010 (UK)
    Location:
    European Union, United Kingdom
    Firm:
    Hill Dickinson
    The Financial Report April 2, 2015 - news from Europe
    2015-04-02

    Proprietary trading. Reuters reported that Latvia, which currently holds the European Union presidency, opposes a proposal that would prohibit European banks from engaging in proprietary trading. (3/31/2015) Proprietary trading. 

    Filed under:
    European Union, United Kingdom, Banking, Capital Markets, Insolvency & Restructuring, Insurance, DLA Piper, Prudential Regulatory Authority (UK), Financial Services Compensation Scheme, Solvency II Directive (2009/138/EU)
    Location:
    European Union, United Kingdom
    Firm:
    DLA Piper
    Romania: cross-border conversions: a realistic way to expand companies' restructuring possibilities?
    2015-04-09

    Background

    Filed under:
    European Union, Romania, Company & Commercial, Insolvency & Restructuring, Schoenherr, Legal personality
    Authors:
    Alexandra Munteanu
    Location:
    European Union, Romania
    Firm:
    Schoenherr

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