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Depositors in Cypriot banks bailed out by the European Union in 2012 have failed in their claim that the terms of that bailout were discriminatory.
19 July 2018
A frustrated potential creditor of Portugal's Banco Espírito Santo may be able to revive his claim in Portuguese courts, after a ruling from the European Court of Justice clarified it did not belong in Luxembourg, where the bank is in insolvency proceedings.
29 June 2018
The EU hopes to have a general agreement on its proposed directive on preventive restructuring frameworks by December, a European Commission representative has told industry professionals in Paris.
24 January 2018
Greece failed to take “all measures necessary” to recover unlawful state aid awarded to a now-insolvent Greek textile company, breaching its obligations under the Treaty of the Functioning of the European Union (TFEU), an EU court has ruled.
22 January 2018
A Finnish nuclear company has launched a challenge against the European Commission’s decision to clear payments by the French government to help restructure Paris-based nuclear power and renewable energy group Areva.
30 November 2017
An updated form of the European Insolvency Regulation (EIR), the EU’s flagship legislation on cross-border insolvency, has become effective across the bloc, broadening the regulation to include pre-insolvency proceedings and addressing restructuring of corporate groups.
26 June 2017
Weil Gotshal & Manges partner Adam Plainer was revealed as the new president of the UK’s Insolvency Lawyers Association (ILA) at its annual conference on Saturday, where an international panel discussed whether the UK will be able to keep its place as a forum of choice for restructuring in future.
03 April 2017
Updated: A group of European lawyers, academics and insolvency professionals have launched the Conference on European Restructuring and Insolvency Law (CERIL), an independent think tank providing impartial advice on insolvency legislation across the EU and its individual member states.
14 March 2017
The EU's proposed pre-insolvency regime may deter the sale of distressed loans, even at a time when potential buyers have access to "unlimited funds", argued panellists at TMA Europe's East European Conference last week.
27 February 2017
An EU Court has found that the concepts of legitimate expectation and legal certainty cannot be used to challenge monetary policy decisions, rejecting claims against the European Central Bank brought by French investors in Greek debt.
24 January 2017
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