EU directive does not protect account holder’s transfer ahead of bank insolvency
A Latvian bank account holder, who tried to transfer money hours before the bank entered insolvency, cannot rely on an EU directive aimed at reducing systemic risk to complete the transfer, the European Court of Justice has ruled.
To read more
Subscribe to Global Restructuring Review
Register for limited access
Register to receive our newsletter and gain limited access to subscriber content.
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Restructuring Review experts.