We are pleased to present this winter edition of the CMS Restructuring and Insolvency in Europe Newsletter. We aim to give information on topical issues in insolvency and restructuring law in countries in which CMS offices are located.
This edition looks at:
- Bulgaria – Grounds for commencing bankruptcy proceedings
- Croatia – Reorganisation plans
- France – Can a French court extend insolvency proceedings to a foreign company on the ground of a “confusion de patrimoine”?
- Germany – Discussions to reform German insolvency law and improve the chances of rescue
- Hungary – Corporate and financial restructuring of the BorsodChem group
- Italy – New legislation regarding the ranking of bridge finance and new finance
- The Netherlands – Contract of suretyship declared void: surety remains liable
- Romania – The National Bank of Romania issues a draft regulation on debt to equity swaps between banks and borrowers
- Spain – Forum shopping and the duty to commence insolvency proceedings
- United Kingdom – UK employee guarantee payments preferential in Irish liquidation | La Seda de Barcelona’s Scheme of arrangement
For further information please contact any of the contributors to this newsletter or your usual contact at CMS.
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