Europe: Finance and Banking

One of the primary objectives of the reformed Austrian Insolvency Act ("IO"), which entered into force on 1 July 2010, has been to increase the number of successful corporate reorganisations and to facilitate the continuation of business operations during financial crises.

This newsletter discusses the legislative proposal for a Financial Institutions (Special Measures) Act (Wet bijzondere maatregelen financiële ondernemingen; "Intervention Act") that was submitted to the lower house of the Dutch Parliament on 26 October 2011 by the Minister of Finance and the Minister of Security and Justice.

Case law in the UK tells us of the importance of the duty to take reasonable care and that, if you suffer loss as a result of another party's negligence, you can recover that loss.

In order to clearly explain the effects of the Carriage of Goods by Sea Act 1992¹ and to make an attempt to consider whether or not the new legislation can be regarded as an exhaustive and satisfactory piece of work we have to go back to 1855.

The new Turkish Commercial Code ("NTCC") will enter into force as of July 01, 2012. Although the provisions regarding the commercial agents ("agents") are in parallel with the current Turkish Commercial Code ("TCC") in general, the NTCC has introduced some important novelties in order to harmonize the agency provisions with the Council Directive 86/653/EEC . In this article, these novelties will be briefly examined.

Cheque Law numbered 5941 was published in the Official Gazette dated December 20, 2009, numbered 27438 ("2009 Cheque Law").

The Capital Requirements Policy (hereinafter the ‘Policy') serves as a foundation for the financial soundness of legal entities holding a licence issued by the Malta Gaming Authority...

The Malta Gaming Authority (MGA) has issued a Capital Requirements Policy requiring all licensees to maintain a Positive Equity Position throughout the term of their licence.

Once a niche corner of alternative lending, private credit has shown, not only its resilience, but also its ability and willingness to collaborate with various stakeholders.

On 16 June 2025, the Upper Tribunal upheld the decision of the Financial Conduct Authority (FCA) to fine Craig Donaldson and David Arden for being knowingly concerned in a breach of the Listing Rules...

The UK Upper Tribunal (Tax and Chancery) has upheld the Financial Conduct's Authority's (FCA) decision to take action against two former executives...

As part of the reforms introduced by the EU Listing Act ("Listing Act"), important amendments have been made to article 17 of the Market Abuse Regulation ("MAR"), specifically in relation to (a) the disclosure of inside information during "protracted processes", and (b) the delay of disclosure of inside information.