Lexology Pro Compliancetakes a look at some of the most informative articles published on Lexology this fortnight for compliance teams to stay up-to-date, including key guidance from regulators around the world and practical tips to help businesses adapt to a new normal.
On 25 January 2010, the United States Bankruptcy Court handed down its much anticipated decision in relation to an action brought in that court by two Lehman Brothers entities (the Lehman entities) against BNY Corporate Trustee Services Limited (BNY) (the US Decision).
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Trends and regulatory climate
TrendsWhat is the current state of the lending market in your jurisdiction and have any new trends emerged over the last 12 months?Austria
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Asset classes used as collateral for security
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Enforcement
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Structuring a lending transaction
The court-supervised reorganization of corporations introduced by Law 11101/05 (the Brazilian Reorganization and Bankruptcy Law - "LRF" in the Portuguese acronym) arose as one of the changes needed to lower credit risk and achieve greater reductions in interests accrued on financial loans. However, little has been said about the fact that the LRF has introduced several capital market protection mechanisms, which we will discuss in this article.
The 2014 collapse of the Corporate Commercial Bank (ranked 4th in the country) raised doubts about the accuracy of the overall liquidity ratio (34.80%) and asset value (approx. EUR 44.07 billion) of the banking sector in Bulgaria, not least because assets had been evaluated according to the internal rules of the respective credit institutions.
Often, when the parties to a financing are discussing priorities or intercreditor arrangements, there tends to be a simplistic view taken of these agreements. Once the competing creditors have sorted out their respective priorities over the various pools or types of collateral, they tend to think that the terms of the agreement are essentially settled and simply need to be put into writing.
Bill C-15, including the proposed amendments to the Canada Deposit Insurance Corporation Act (CDIC Act) passed and received Royal Assent on June 22.