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Credit claim as a new form of financial collateral in Poland
13 March 2012
Publication
The act implementing Directive 2009/44/EC (the "Directive") which amends, among others, the Certain Financial Collateral Law (the "Amendment Act") was enacted on 27 January 2012. The Amendment Act introduces a new category of assets that can...
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Wierzytelność kredytowa jako nowy przedmiot zabezpieczenia finansowego w Polsce
13 March 2012
Publication
W dniu 27 stycznia 2012 r. uchwalona została ustawa implementująca dyrektywę 2009/44/WE, zmieniająca m.in. ustawę o niektórych zabezpieczeniach finansowych ("Ustawa Zmieniająca"). Ustawa Zmieniająca wprowadza nową kategorię aktywów, które...
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Financial collateral remains a Gray area
15 November 2012
Publication
Do you have sufficient "possession" or "control" for your security interest to qualify for protection under the Financial Collateral Arrangement (No.2) Regulations 2003 (the Regulations)? Since the decision in Gray v G-T-P Group two years...
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Amendments to the Russian Civil Code: Lower Chamber of the Russian Parliament Adopts First Set of Amendments in the Final Reading (English)
20 December 2012
Publication
On 18 December 2012, the State Duma (the lower chamber of the Russian parliament) adopted in the final, third, reading the first set of amendments to the Civil Code of the Russian Federation.
The adopted amendments represent only a small part of the amendments...
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Amendments to the Russian Civil Code: Lower Chamber of the Russian Parliament Adopts First Set of Amendments in the Final Reading (Russian)
20 December 2012
Publication
On 18 December 2012, the State Duma (the lower chamber of the Russian parliament) adopted in the final, third, reading the first set of amendments to the Civil Code of the Russian Federation.
The adopted amendments represent only a small part of the amendments...
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The Civil Code Reloaded (Russian)
19 April 2012
Publication
On 2 April 2012 the Russian President submitted to the State Duma a draft bill on amendments to the Civil Code of the Russian Federation (the "Draft Bill") which is expected to change significantly "the rules of the game" for all areas of...
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The Civil Code Reloaded (English)
19 April 2012
Publication
On 2 April 2012 the Russian President submitted to the State Duma a draft bill on amendments to the Civil Code of the Russian Federation (the "Draft Bill") which is expected to change significantly "the rules of the game" for all areas of...
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Changes to the Enforcement Regime for Russian Security (English)
19 December 2011
Publication
At the end of November 2011 the Russian parliament adopted a law amending the procedure for the enforcement of Russian security. The law was officially published on 7 December 2011 on the official legal information web-site of the Russian Federation and will...
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English Schemes of Arrangement: now also available for Dutch companies?
19 November 2012
Publication
On 12 November 2012 the Dutch newspaper, het Financieele Dagblad reported that insolvencies of Dutch companies are often inevitable (for intrinsically viable companies) because minority creditors cannot be crammed down outside insolvency under current Dutch laws....
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Scaling the Refinancing Wall
23 January 2012
Publication
For many years managing corporate refinancing risk was relatively straightforward. However, that's no longer the case as the refinancing wall looms into view in already challenging market conditions.
Customary options may not be readily available. Sponsors and...