Bailout

EU bailout fund to get greater powers over bank rescues

European finance ministers have agreed to a long-awaited reform of the EU’s bailout fund, giving it greater powers over future bailout programs and introducing single-limb collective action clauses to override holdout bondholders.

04 December 2020

Matheson and William Fry advising as Norwegian Air enters Irish examinership

Two major subsidiaries of Oslo-headquartered Norwegian Air have entered examinership proceedings in Ireland, one week after Norway’s government refused to grant it further financial assistance following a bailout earlier this year.

19 November 2020

KLM asks Dutch government to green-light restructuring plan

With help from Allen & Overy, the Dutch arm of airline group Air France-KLM has submitted a restructuring plan to the Netherlands Ministry of Finance in the hope of securing a rescue package worth €3.4 billion.

05 October 2020

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