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This newsletter deals with the main regulatory and case law issues that are of interest over the relevant period. Les actualités M&A/ Droit Boursier couvrent les développements en matière de droit des sociétés et droit...

As expected, Chancellor George Osborne confirmed in the Budget the Government's commitment to provide reassurance on the level of tax relief for the cost (estimated to be in the tens of billions) of decommissioning oil and gas fields. This is good news...

Recent experience in Spain has shown that the majority of insolvencies end in liquidation rather than a successful restructuring of the business. The need therefore for a more efficient procedure which preserves value rather than destroys it, has been long awaited....

Následující článek Jindřicha Arabasze, seniorního advokáta Clifford Chance LLP, vyšel 12. prosince 2011 v týdeníku EURO. Článek stručně shrnuje základní problémy související...

La Reforma de la Ley Concural Mecanismos de reestructuración pre-concursal Mejoras introducidas en el procedimiento concursal Otros aspectos objeto de la Reforma Entrada en vigor de la Reforma de la Ley Concursal

Amendment of the Spanish Insolvency Law Pre-insolvency restructuring mechanisms Improvements made to the insolvency proceedings Other aspects subject to the Amendment Entry into force of the Reformation of the Insolvency Law

Eines der wichtigsten Sanierungsinstrumente für Unternehmen in der Krise ist der Forderungsverzicht. Das durch Verluste geschwächte Eigenkapital hindert Unternehmen, am Markt konkurrenzfähige Konditionen zu verhandeln. Ein die operativen Sanierungsmaßnahmen...

Using a scheme of arrangement, an English law pre-insolvency procedure, to reduce the complexity of international restructurings is growing in popularity. In the context of a restructuring, a scheme of arrangement will operate as a statutory contract between...

Whilst many European jurisdictions are playing catch up in developing their own effective restructuring regimes, the UK is leading the way in utilising tried and tested restructuring techniques to facilitate the rescue of non English entities. Today's judgment...

The English high court has provided useful guidance on its preparedness to exercise jurisdiction to sanction schemes of arrangement proposed by non-English incorporated companies under Part 26 of the Companies Act 2006.