Regional news: France

French Nortel entity wins deadline for expense claims

Creditors of one of Nortel’s French entities will have until next January to submit post-petition claims for administration expenses, after an English court ruling.

17 July 2018

DLA Piper’s Ankri joins Ashurst in Paris

Ashurst has hired DLA Piper partner Noam Ankri in its Paris office.

24 May 2018

Paris restructuring symposium: EU to seek agreement on harmonisation directive by December

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

Gibson Dunn poaches three partners from Ashurst in Paris

Gibson Dunn & Crutcher has recruited a five-strong team from Ashurst in Paris, including three restructuring-focused partners.

08 June 2017

Raising the buffers: how global banks are winning the race to end too-big-to-fail

When GRR surveyed counsel to discuss how global banks could hope to keep pace with constantly changing regulations on capital buffers, it soon became clear that the banks’ own innovations aimed at raising loss-absorbing debt have outpaced the rate of reform.

28 April 2017

Investors in Greek debt should have known the risks, EU court says

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

French telecoms directory SoLocal gains creditor approval for US$1.3 billion plan

Creditors of French directories and communications agent SoLocal Group, formerly known as Pages Jaunes, have approved a restructuring plan that attempts to slash the company’s €1.1 billion debt for the second time in two years – this time using a lengthier process before the French courts.

06 December 2016

London: Laying the groundwork for a European approach to fraud in insolvency

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

Nortel settles US$7.3 billion allocation dispute

After more than seven years of unsuccessful mediations and multi-jurisdictional litigations, bankrupt telecoms company Nortel has reached a global settlement with creditors on how to distribute US$7.3 billion in liquidation proceeds.

13 October 2016

BRUSSELS: six points to consider when shifting COMI

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

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