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Euroresource--deals and debt

  • Jones Day
  • -
  • European Union, Germany, Italy, United Kingdom
  • -
  • September 28 2012

On 12 September 2012, the European Commission issued a proposal for an EU regulation which would confer upon the European Central Bank ("ECB") supervisory responsibility for all banks operating in the Eurozone

Recognition of English schemes of arrangements in Germany: latest developments in the Equitable Life case

  • Latham & Watkins LLP
  • -
  • Germany, United Kingdom
  • -
  • May 29 2012

English schemes of arrangement under the Companies Act 2006 (Schemes) have been increasingly used by non-English companies as a powerful tool to restructure their financial indebtedness

High Court approves scheme of arrangement for Rodenstock - a German company

  • Edwards Wildman Palmer LLP
  • -
  • Germany, United Kingdom
  • -
  • May 16 2011

The English High court has approved a scheme of arrangement for a company incorporated in Germany which had its centre of main interests in Germany, no establishment in the UK and no assets in the UK likely to be affected by the scheme

High Court approves scheme of arrangement for German companies

  • Edwards Wildman Palmer LLP
  • -
  • Germany, United Kingdom
  • -
  • December 21 2010

On 14 December 2010 the English Court sanctioned four connected schemes of arrangement for German companies in the Tele Columbus group

German courts challenging UK schemes of arrangement?

  • Mayer Brown LLP
  • -
  • Germany, United Kingdom
  • -
  • April 30 2010

In a decision which has not yet been confirmed by the German Federal Court, the Higher Regional Court of Celle (an appellate court) has decided that a German policyholder of UK life insurer Equitable Life is not protected by a scheme of arrangement which had been approved by the London High Court in February 2002

Insurance and reinsurance news

  • Freshfields Bruckhaus Deringer LLP
  • -
  • Germany, United Kingdom
  • -
  • February 18 2010

The recent Equitable Life case, decided by the Higher Regional Court of Celle (the OLG Celle), is the first example of a German court considering the recognition of a UK creditors' scheme of arrangement

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