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International regulatory update 10-14 December 2012

  • Clifford Chance LLP
  • -
  • European Union, Germany, Hong Kong, Italy, Spain, United Kingdom, USA
  • -
  • December 17 2012

The European Council (Heads of State or Government) has published the conclusions from its meeting on 13 and 14 December 2012, at which it agreed on a roadmap for the completion of the Economic and Monetary Union

Decree Law No. 78 of 31 May 2010 as converted by Law No. 122 of 30 July 2010: additional changes to Italian bankruptcy law

  • Latham & Watkins LLP
  • -
  • Italy, USA
  • -
  • February 28 2011

Italian bankruptcy law Royal Decree No. 267 of 16 March 1942 (the Bankruptcy Law) underwent a substantial reform between 2005 and 2009, mainly aimed at introducing (i) a more efficient regulation of the pre-bankruptcy agreement procedure (concordato preventivo) and (ii) new pre-bankruptcy schemes of arrangements, in the form of the out-of-court debt restructuring plan (piano attestato di risanamento) and the debt restructuring agreement (accordo di ristrutturazione dei debiti

Comparison of Chapter 11 United States Bankruptcy Code

  • Jones Day
  • -
  • France, Germany, Italy, United Kingdom, USA
  • -
  • August 2 2007

Chapter 11 focuses on preserving reorganization or going concern value over liquidation value