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Credit claims allowed as "financial collateral" and simplification of enforcement of collateral arrangements: implementation of Directive 200944EC

  • NautaDutilh
  • -
  • Belgium, Netherlands
  • -
  • January 23 2012

Since the entry into force of the Financial Collateral Act of 15 December 2004 (the "Collateral Act") implementing Directive 200247EC on financial collateral arrangements as regards linked systems and credit claims (the "Collateral Directive"), financial collateral arrangements have benefitted from increased flexibility and legal certainty in Belgium

Luxembourg Collateral Act remains favourable to creditors: insolvency protection of creditors and collateral takers according to the laws of Luxembourg

  • NautaDutilh
  • -
  • Netherlands
  • -
  • January 20 2012

The Act of May 20 2011 implements EU Directive 200944EC (amending the EU Settlement Finality Directive and the EU Collateral Directive), and amends the Collateral Act of August 5 2005

Insolvency protection of creditors and collateral takers according to the laws of Luxembourg

  • NautaDutilh
  • -
  • Netherlands
  • -
  • December 5 2011

The Act of May 20 2011 implements EU Directive 200944EC (amending the EU Settlement Finality Directive and the EU Collateral Directive), and amends the Collateral Act of August 5 2005