We are pleased to present this autumn edition of the CMS Restructuring and Insolvency in Europe Newsletter. We aim to give information on topical issues in insolvency and restructuring law in countries in which CMS offices are located.
This edition looks at:
- an ECJ decision on the jurisdiction for actions connected to insolvency proceedings
- certain new rules on insolvency proceedings in Austria
- the new Belgian federal Law on the Continuity of Undertakings
- the mergers of companies in negative equity in Croatia
- recent changes to the Czech Commercial Code
- the appropriate use of the French sauvegarde procedure
- continuation agreements in Germany as a means for insolvent companies to carry on trading
- the recent reforms to Italian bankruptcy law
- the principles of due process in the Netherlands, as illustrated in the Yukos Oil Company case
- the recent amendments to the Polish Bankruptcy and Rehabilitation Law
- continuation of “current” loan agreements in Romania
- liabilities and challenges in Russian insolvency
- certain reforms to Spanish insolvency law
- insolvency in the Ukrainian banking sector
- a High Court decision on COMI and the UNCI TRAL Model Law in the United Kingdom
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