On 13 July 2017, the Chamber of Representatives of the federal Parliament adopted in plenary session the Bill introducing a new Book XX "Insolvency of undertakings" into the Code of Economic Law ...

In doing so, the Supreme Court rejected the argument put forward by the defendants that it had equated the requirement for criminal intent with a mere violation of the fiduciary duties of the directors.

On 25 September 2019, the Ukrainian Parliament brought into force law No. 112-IX (the "Law"). The purpose of the Law is to correct deficiencies in existing legislation and further promote

Contrary to Portuguese law, the application of Luxembourg law would not have resulted in the termination of the pending lawsuits.

On 2 March 2012, the General Court ("GC") has partly upheld ING’s appeal against a Commission decision of 2009 regarding various forms of aid granted by the Dutch State to the banking group ING in the context of the latter’s restructuring plan during the financial crisis.

On 28 December 2010, the Leuven Commercial Court handed down a judgment in application of Article 184 of the Belgian Companies’ Code governing the appointment of a liquidator in the event of the dissolution of a company.

The Belgian Constitutional Court addressed in a recent judgment the treatment of creditors in a collective debt settlement procedure.

On 12 December 2012, the European Commission submitted a proposal for a Regulation to amend Regulation (EC) No 1346/2000 on insolvency proceedings.

The Recast Insolvency Regulation 2015/848 governs cross-border insolvency proceedings within the European Union

In het dynamische landschap van bedrijfsvoering is het verband tussen faillissementen en innovatie dichterbij dan op het eerste gezicht zou worden aangenomen.

On 18 January 2017, nearly three years after its entry into force, Regulation 655/2014 of 15 May 2014 establishing an EAPO procedure to facilitate cross-border debt recovery in...

The recently published report on the evaluation of the ESUG, the German law to facilitate the restructuring of companies, states that the changes introduced by the ESUG have been received...

The COVID-19 crisis has emphasised the importance of having performant insolvency proceedings. As of now, new measures are in force which aim to optimise the judicial reorganisation procedure.

Pre-packaged sales, or "pre-packs," have long been utilized in the United Kingdom and the United States as a restructuring mechanism that enables the sale of a distressed business to be arranged...

The European Union has recognised the need for harmonised insolvency laws across its member states and has taken a significant step forward with the introduction of the new EU Restructuring Directive ((EU) 2019/1023).

Belgium had accumulated a significant legislative backlog within insolvency law. The European Directive 2019/1023 on restructuring had to be transposed into national law by the member states by 17 July 2022...

The Preventive Restructuring Frameworks Directive (EU) 2019/1023 is finally in force. Following its implementation into EU member states' national law

On 4 December 2014, the Court of Justice of the European Union answered a preliminary question from the Landgericht Darmstadt in the case H. vs. H.K. (Case C-295/13).

The Act of 19 March 2012, amending the Belgian Company Code with regard to the liquidation procedure.

Just in time for Chinese New Year, a Hong Kong court has taken a major step forward in the developing law on cross-border insolvency by recognising ...