Clifford Chance

Article 55 of the BRRD: contractual recognition of bail-in – what you need to do

24 September 2015

Article 55 of the BRRD requires EU firms and other in-scope entities to include a contractual recognition of bail-in clause in a very wide range of non-EU law governed contracts. EU Member States are required to implement Article 55 into national law by 1 January 2016 and some states have already done so. With the deadline approaching, this briefing looks at the scope of Article 55 and sets out some practical steps to assist you with preparing for compliance.

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