Bank recovery

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

ECB wins appeal over Banco Espírito disclosure

The European Central Bank gave sufficient reasons as to why it refused to disclose information on its suspension of credit flows to Portuguese “bad bank” Banco Espírito Santo ahead of the bank's resolution six years ago, the EU’s highest court has said, partially overturning a lower court’s ruling.

26 October 2020

Appeals court declines to set-aside statutory demand on redactions challenge

The English Court of Appeal has declined to set-aside a statutory demand lodged against a landlord by an affiliate of distressed investor Cerberus, because a supporting deed of assignment was heavily redacted.

14 July 2020

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