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    Horizon Scanner: Infrastructure, Construction, Energy - Employment
    2024-06-19

    ACT WHICH ENHANCES PROTECTION FOR EMPLOYEES AFFECTED BY INSOLVENCY NOW LAW

    Filed under:
    European Union, Ireland, Employment & Labor, Insolvency & Restructuring, Litigation, Arthur Cox LLP, Insolvency
    Location:
    European Union, Ireland
    Firm:
    Arthur Cox LLP
    Insolvenzanfechtungsrecht nach dem StaRUG
    2024-06-21

    Die §§ 89 – 91 StaRUG: Eigenständiger Regelungsinhalt oder lediglich klarstellender Charakter? Wir klären auf!

    Die EU-Richtlinie über Restrukturierung und Insolvenz (Restrukturierungsrichtlinie) enthält in Kapitel 4 (Art. 17, 18) besondere Vorschriften zur Insolvenzanfechtung. Diese hat der deutsche Gesetzgeber mit den §§ 89 – 91 StaRUG in nationales Recht umgesetzt. Daher lohnt sich ein vertiefter Blick auf diese Vorschriften.

    Richtliniengeber möchte Finanzierungen und Zwischenfinanzierungen schützen

    Filed under:
    European Union, Germany, Banking, Company & Commercial, Insolvency & Restructuring, Litigation, CMS Germany
    Authors:
    Niklas Lütcke , Philipp Freiherr von dem Bussche-Haddenhausen
    Location:
    European Union, Germany
    Firm:
    CMS Germany
    Die Sanierung eines Fußballvereins in der Krise
    2024-06-26

    Die maßgeschneiderte Sanierungslösung für den Fußballverein in der Krise ist elementar für den zukünftigen Erfolg.

    Filed under:
    European Union, Germany, Insolvency & Restructuring, Litigation, CMS Germany
    Authors:
    Björn Frische , Philipp Freiherr von dem Bussche-Haddenhausen
    Location:
    European Union, Germany
    Firm:
    CMS Germany
    Key Economic Data Report 2024
    2024-06-27

    The BRG Corporate Finance Key Economic Data Report reviews GDP and consumer confidence; inflation and real earnings; employment; housing; auto sales and production; retail sales; interest rates; high-yield index; bankruptcies; defaults; and commodity prices.

    Read the reports from 2024:

    Filed under:
    European Union, United Kingdom, USA, Company & Commercial, Employment & Labor, Insolvency & Restructuring, Real Estate, Tax, Berkeley Research Group, LLC
    Location:
    European Union, United Kingdom, USA
    Firm:
    Berkeley Research Group, LLC
    Arbeitsrechtliche Aspekte im Rahmen einer Sanierung nach dem StaRUG
    2024-06-27

    Das StaRUG eignet sich insbesondere für finanzielle, weniger für personelle, Restrukturierungen

    Das Gesetz über den Stabilisierungs- und Restrukturierungsrahmen für Unternehmen,kurz „StaRUG″ ist zum 1. Januar 2021 in Kraft getreten und setzt die sog. Restrukturierungsrichtlinie (Richtlinie [EU] 2019/1023) um.

    Filed under:
    European Union, Germany, Banking, Employment & Labor, Insolvency & Restructuring, Litigation, CMS Germany
    Authors:
    Dr. Boris Alles , Dr. Felix Fuchs , Dr. Veronika Hefner
    Location:
    European Union, Germany
    Firm:
    CMS Germany
    Negligence Claims against Auditors - Many a Slip
    2024-07-01

    Background

    The Times revealed in an article last month that, according to a report from the Audit Reform Lab, a think tank at the University of Sheffield, only a quarter of the 250 largest companies listed on the London Stock Exchange to become insolvent between 2010 and 2022 had a “going concern” warning included by their auditors in what would turn out to be their final set of accounts. Of those companies 38 also declared a dividend in those accounts.

    Filed under:
    European Union, United Kingdom, Insolvency & Restructuring, Litigation, Litigation Capital Management, Negligence, Litigation funding, Third-party funding
    Authors:
    James Foster
    Location:
    European Union, United Kingdom
    Firm:
    Litigation Capital Management
    The General Court of the EU annuls the Commission decision on restructuring aid to Condor
    2024-07-02

    On 8 May 2024, the General Court of the EU annulled the Commission decision of 26 July 2021 approving restructuring aid to German airline Condor following an annulment action lodged by Ryanair. The Commission should have opened a formal procedure because of doubts about the compatibility of the aid. The General Court rejected Ryanair’s argument relating to the impact of the aid on its competitive position.

    Background

    Filed under:
    Belgium, European Union, Insolvency & Restructuring, Litigation, CMS Belgium, Liquidation, State aid, Coronavirus, European Commission
    Authors:
    Annabelle Lepièce , Sébastien Willems
    Location:
    Belgium, European Union
    Firm:
    CMS Belgium
    Quick Updates From the UK and Europe
    2024-06-13

    There's been a flurry of regulatory activity in the UK and Europe over the past few weeks. Here's a look at the highlights.

    Filed under:
    European Union, United Kingdom, Banking, Capital Markets, Company & Commercial, Environment & Climate Change, Insolvency & Restructuring, Insurance, Cadwalader Wickersham & Taft LLP, Libor, ESG, Financial Conduct Authority (UK), International Organization of Securities Commissions, Solvency II Directive (2009/138/EU)
    Authors:
    Alix Prentice
    Location:
    European Union, United Kingdom
    Firm:
    Cadwalader Wickersham & Taft LLP
    Insolvency clawback actions from a Peruvian perspective
    2024-06-17

    The proposed EU Directive on harmonisation of insolvency law seeks to set minimum standards for exercising avoidance actions in insolvency proceedings in order to safeguard the insolvency estate from unlawful asset transfers before the initiation of insolvency proceedings.

    In Peru, the insolvency system is administrative rather than judicial. Because the administrative authority has limited powers, preference and avoidance actions must be resolved by the Judiciary. In recent years, the use of these actions has become more frequent.

    Scope of avoidance actions

    Filed under:
    European Union, Peru, Insolvency & Restructuring, CMS Peru, Insolvency
    Authors:
    Michelle Barclay
    Location:
    European Union, Peru
    Firm:
    CMS Peru
    Umsatzsteuerliche Besonderheiten im Insolvenzverfahren
    2024-07-22

    Nachfolgend wird die Einordnung der Umsatzsteuer in der Insolvenz als Masse- oder Insolvenzforderung und die Auswirkung auf die Gläubigerbefriedigung erläutert.

    Filed under:
    European Union, Germany, Insolvency & Restructuring, Litigation, Tax, CMS Germany
    Authors:
    Rolf Leithaus , Dr. Annett Kenk , Steffen Preis
    Location:
    European Union, Germany
    Firm:
    CMS Germany

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