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New financial services firms have to contribute for Phoenix insolvency

  • Norton Rose Fulbright LLP
  • -
  • Germany
  • -
  • April 27 2009

Generally, financial services firms in Germany (Finanzdienstleistungsinstitute) are mandatory members of a protection scheme (Entschädigungseinrichtung der Wertpapierhandelsunternehmen - EdW

Concession on protectionism?

  • Norton Rose Fulbright LLP
  • -
  • France, Germany, USA
  • -
  • May 11 2010

On 28 April 2010, Wolfgang Schauble and Christine Lagarde, the finance ministers of Germany and France respectively, published an article in the Wall Street Journal as an indirect response to letters received from US Treasury Secretary Timothy Geithner