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    Insolvency practitioners to become subject to reporting obligations under financial sanctions regime
    <br>
    2024-12-06

    The Office of Financial Sanctions Implementation (OFSI) has published guidance (the Guidance) following the publication of the Sanctions (EU Exit) (Miscellaneous Amendments) (No.2) Regulations 2024 (the Regulations) on 14 November 2024. OFSI is the body with regulatory oversight of the financial sanctions regime and is responsible for its implementation and enforcement within the UK.

    Filed under:
    European Union, United Kingdom, Insolvency & Restructuring, Trade & Customs, Stevens & Bolton LLP, Insolvency, Office of Financial Sanctions Implementation (UK)
    Authors:
    Louise Corcoran
    Location:
    European Union, United Kingdom
    Firm:
    Stevens & Bolton LLP
    EU Law Newsletter October, 2024(No. 26)
    2024-10-30

    1 r October, 2024(No. 26) ムシス バシリ / 金子 涼一 / パップワース チャールズ / 田村 允 1. 欧州委員会、排除型市場支配的地位の濫用に関するガイドライン案を 公表 本ガイドライン案の背景 EU の機能に関する条約(Treaty on the Functioning of the European Union、以下「EU 機能条約」) 102 条は、EU の域内市場で活動する事業者による市場支配的地位の濫用を禁止しています。 2024 年 8 月 1 日、欧州委員会は、EU 機能条約 102 条の排除型市場支配的地位の濫用 (exclusionary abuse)に関するガイドライン案(以下「本ガイドライン案」)を公表しました 1。本ガイドライン案 は 2024 年 10 月 31 日を期限とした意見公募(パブリックコメント)に付されています。 本ガイドライン案は、EU 機能条約 102 条の定める排除型市場支配的地位の濫用に関する EU 裁判所 の判例について、欧州委員会の理解を整理するものであり、欧州委員会は本ガイドライン案の公表により、 「法的安定性を高め、事業者が、自らの行為について、EU 機能条約 102 条の定める排除型市場支配的 地位の濫用に該当するか否かを自ら判断することに資する」ことを意図しています 2。

    Filed under:
    European Union, Capital Markets, Competition & Antitrust, Insolvency & Restructuring, Anderson Mōri & Tomotsune, European Commission, Financial services corporate
    Location:
    European Union
    Firm:
    Anderson Mori & Tomotsune
    To what extent can corporate restructuring to airlines amount to State Aid?
    2024-10-16

    1. Introduction

    Filed under:
    European Union, Italy, Aviation, Insolvency & Restructuring, Pierallini Studio Legale, State aid, European Commission
    Location:
    European Union, Italy
    Firm:
    Pierallini Studio Legale
    Litigation developments: England and Wales - Quarterly update
    2024-09-26

    Welcome to our latest quarterly bulletin which contains updates on commercial litigation developments over the past three months, largely by reference to articles posted to our Litigation Notes blog in that period. Other posts are available on the blog, which you can visit any time. Or subscribe to be notified of the latest updates: https://www.herbertsmithfreehills.com/notes/litigation.

    Filed under:
    European Union, United Kingdom, England & Wales, Company & Commercial, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP, CJEU, Civil Justice Council, Insolvency Act 1986 (UK), Court of Justice of the European Union, Financial services corporate, Industrial machinery & equipment
    Authors:
    Alan Watts , Maura McIntosh , Jan O'Neill
    Location:
    European Union, United Kingdom
    Firm:
    Herbert Smith Freehills LLP
    EIOPA Consultation on the new Proportionality Framework under Solvency II
    2024-09-24

    EIOPA Consultation on the new Proportionality Framework under Solvency II

    www.mathweswown..mcoamthesoPna.gceom1

    Overview

    In August this year, the European Insurance and Occupational Pensions Authority ("EIOPA") published a public consultation ("Consultation") on the new proportionality framework proposed in the Provisional Agreement on amendments to the Solvency II Directive ("Provisional Agreement").

    Filed under:
    European Union, Ireland, Insolvency & Restructuring, Insurance, Matheson LLP, European Commission, European Insurance and Occupational Pensions Authority, Solvency II Directive (2009/138/EU)
    Location:
    European Union, Ireland
    Firm:
    Matheson LLP
    Patterns emerging in the APAC and UK restructuring markets
    2024-09-18

    Our latest briefing compares recent developments in the APAC restructuring market with those in the UK. Despite APAC's and the UK's divergent monetary policy and growth forecasts, we find that restructuring markets in both regions are seeing very similar themes:

    Filed under:
    Asia-Pacific, European Union, Hong Kong, Singapore, United Kingdom, Insolvency & Restructuring, Litigation, Ashurst
    Authors:
    Robert Child , Inga West , Jake Overend
    Location:
    Asia-Pacific, European Union, Hong Kong, Singapore, United Kingdom
    Firm:
    Ashurst
    Adler: A Spanish Perspective
    2024-03-25

    The new Spanish Bankruptcy Law in September 2022 (TRLC)1 ushered in perhaps the most radical changes to the domestic restructuring market in any EU Member State that has so far implemented the EU Directive on Preventive Restructuring.2 For the first time, following satisfaction of certain conditions, the disenfranchisemen

    Filed under:
    European Union, Spain, Insolvency & Restructuring, Litigation, Latham & Watkins LLP
    Authors:
    Pedro de Rojas , Luis Sánchez , Bruce Bell , Tim Bennett
    Location:
    European Union, Spain
    Firm:
    Latham & Watkins LLP
    Avoidance rights in Bosnia and Herzegovina
    2024-03-22

    On 7 December 2022, the EU Commission published a draft directive harmonising certain aspects of insolvency law, which is now undergoing EU legislative procedure. In light of this the proposal, this article provides an overview of the current state of avoidance rights regulation under the insolvency legal framework in Bosnia and Herzegovina.

    Insolvency avoidance rights regulation in Bosnia and Herzegovina

    Filed under:
    Bosnia and Herzegovina, European Union, Insolvency & Restructuring, CMS Reich-Rohrwig Hainz, Insolvency, European Commission
    Authors:
    Andrea Zubović-Devedžić , Zerina Spahic
    Location:
    Bosnia and Herzegovina, European Union
    Firm:
    CMS Reich-Rohrwig Hainz
    Avoidance actions in Serbia and in Montenegro: An overview
    2024-03-22

    In response to the EU Commission's proposal for a directive to harmonse specific elements of insolvency law on 7 December 2022, this article explores avoidance actions, one of the Directive Proposal’s key aspects, and the way avoidance actions are regulated in Serbia and Montenegro as EU candidate countries.

    In the context of insolvency proceedings, avoidance actions involve the annulment of transactions undertaken by the insolvent debtor before the initiation of insolvency proceedings.

    Avoidance actions in Serbia

    Filed under:
    European Union, Montenegro, Serbia, Insolvency & Restructuring, CMS Reich-Rohrwig Hainz, Insolvency, European Commission
    Authors:
    Nenad Kovacevic , Dunja Grujičić
    Location:
    European Union, Montenegro, Serbia
    Firm:
    CMS Reich-Rohrwig Hainz
    Steuerfreier Schuldenerlass im Rahmen der unternehmensbezogenen Sanierung
    2024-04-08

    Die Anforderungen der Finanzverwaltung an die Steuerfreiheit von unternehmensbezogenen Sanierungen steigen in der Praxis.

    Filed under:
    European Union, Germany, Banking, Company & Commercial, Insolvency & Restructuring, Litigation, Tax, CMS Germany
    Authors:
    Jörg Schrade , Christian Linseisen Dipl.-Kfm. , Dr. Alexandra Schluck-Amend
    Location:
    European Union, Germany
    Firm:
    CMS Germany

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