March 2019 – On 22 February 2019 and 26 February 2019 two bills were introduced in the Bulgarian parliament to amend the existing Bank Insolvency Act ("Bills").
Adoption and publication of the Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast) in the Official Journal of the European Union.
Regulation (EC) No. 1346/2000 dated May 29, 2000 regarding insolvency proceedings was applicable in the context of civil proceedings concerning the existence of a right in rem.
NautaDutilh Avocats Luxembourg
Discover our brochure "Insolvency in Luxembourg" for an overview of options available to companies in financial distress in Luxembourg.
Arendt & Medernach
This is the second of a series of two briefing notes published by the Restructuring & Insolvency practice of Arendt on recent or ongoing legislative changes in matters of insolvency law
IFRS 9 has now been applicable for over a year, but some of its changes have often been either overseen or neglected—even when they could have a material impact on the accounts.
February 2019 – On 3 December 2018, Bulgaria's Supreme Court of Cassation ("SCC") issued Interpretative Judgment No 1 (the "Judgement") on interpretative proceedings No 1/2017
ELVINGER HOSS PRUSSEN, société anonyme
EU Regulation 2015/848 of 20 May 2015 on insolvency proceeds ("New Regulation"), recasting the former Regulation (EC) 1346/2000 of 29 May 2000...
During the second half-year of 2014, no less than five entities of the Luxembourg holding structure of the family controlled Banco Espirito Santo Group have been declared bankrupt by the said Court.
The Luxembourg District Court sitting in commercial matters has declared bankrupt the group parent company ESPIRITO SANTO INTERNATIONAL S.A. on 27 October 2014.
The Luxembourg District Court sitting in commercial matters has rejected the applications of ESI and RIO FORTE to be placed under controlled management.
The Luxembourg District Court has declared bankrupt the companies ESPIRITO SANTO FINANCIAL GROUP S.A. and ESPIRITO SANTO FINANCIERE S.A.
Today, the Luxembourg District Court sitting in commercial matters has rejected the applications of ESFG and ESFIL to be placed under controlled management.
The draft of bill laying down a right to claim back intangible and non-fungible movable assets from a bankrupt company has been voted on June 11, 2013.
Financials was the leading sector with approximately 53% of total completed EMEA distressed debt restructuring deal volume.
The Act of May 20 2011 implements EU Directive 2009/44/EC (amending the EU Settlement Finality Directive and the EU Collateral Directive), and amends the Collateral Act of August 5 2005.