Russia: Bankruptcies in the banking sector.
At the end of 2013 and the beginning of 2014 a number of Russian banks had their licenses revoked.
France:Commercial code or the civil procedure code?
The French commercial code gives a specialized judge called “juge commissaire” most of the duties and formalities required by insolvency proceedings.
Italy: To change a law is one thing, but how to change a culture?
Until 2005, Italian insolvency law was “liquidation- oriented”, in the sense that the main objective being pursued was the liquidation of the distressed company. Our old law focused on creditors’ rights and disregarded the chances for the debtor company to be rescued as a going concern.
