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A thorough overhaul of the UK’s procedural framework for insolvency becomes effective this week against a lukewarm reception, while the Australian government has updated proposed reforms to its insolvency regime taking account of a consultation last year.
05 April 2017
The European Court of Justice has affirmed that Belgium granted illegal state aid in the wake of the 2008 financial crisis, when it gave a guarantee to private shareholders of three financial cooperatives whose parent group was the main stakeholder in a distressed Belgian-French bank.
10 January 2017
INSOL Europe’s Young Members Group and Anti-Fraud Forum convened in London last week to assess the varying approaches to fraud in insolvency cases in different jurisdictions across Europe.
17 November 2016
A recent debate in Brussels considered the virtues of different insolvency regimes in the US and EU for the purpose of choosing a centre of main interest (COMI) – and found that forum shoppers are probably best off in America.
23 August 2016
The receivers of Belgium’s former national airline, who spent years trying to unlock funds in a New York bank account frozen by US sanctions against the government of Sudan, have had their case dismissed by A New York appeals court.
29 July 2016
The development of pre-insolvency mechanisms alongside formal tools such as schemes of arrangement has been a valuable response to complex financial issues and should be borne in mind by regulators attempting to harmonise regimes, speakers said at a conference in Brussels on 16 to 17 June.
13 July 2016
The General Court of the European Union has dismissed an appeal against a European Commission decision to provide state aid to an Italian company in liquidation without consulting an Austrian competitor.
11 March 2016
Two decisions over the summer examined the impact of new EU legislation on the jurisdiction of the UK courts over the approval of a Dutch and Belgian group’s English scheme of arrangement, and a claim for the recovery of a debt where there were parallel administrative proceedings in Portugal.
16 December 2015
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