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European Restructuring Watch Blog

Articles: 1-10 of 25

Business Finance and Restructuring - What will 2018 hold?

European Union, Global, United Kingdom - January 4 2018 The Insolvency Service has yet to react to responses to its consultation in mid-2016 on significant reforms designed to improve the restructuring…

KPMG and Weil launch MF Global UK Limited (in special administration) CVA Proposal

United Kingdom - November 24 2017 Weil have acted for Mike Pink, Richard Heis and Ed Boyle of KPMG as special administrators of MFGUK in connection with a CVA proposal to its remaining…

Statutory interest: UK Court of Appeal judgment on Lehman Waterfall II Parts A and B

United Kingdom - October 24 2017 The Court of Appeal in London today gave judgment on Parts A and B of the Lehman Waterfall II Appeal, as part of the ongoing dispute as to the…

Lehman Waterfall I - UK Supreme Court Judgment

United Kingdom - May 17 2017 The Supreme Court in London today gave judgment in the Waterfall I appeal, a dispute as to the distribution of the estimated £8 billion surplus of…

Overview of French conciliation procedure

France - April 20 2017 The French conciliation procedure, introduced in 2005, has become such a key procedure in France that it cannot be ignored. For any restructuring…

Supreme Tax Court Abolishes German Restructuring Privilege

Germany - February 22 2017 Cancellation of debt a key element of most restructurings generally triggers taxable income. The German tax authorities had issued an administrative…

Marblegate: what does it mean for European restructurings?

European Union, USA - January 25 2017 In a highly-anticipated decision on a long-running bondholder dispute, the US Court of Appeals for the Second Circuit issued its judgment last week…

European Commission proposals for common principles on insolvency, restructuring and second chance

European Union - November 29 2016 On 22 November 2016, the European Commission announced a draft directive on insolvency, restructuring and second chance in the EU in the form of the…

UK High Court judgment on ISDA Default Rate calculations in Lehman Waterfall IIC, and supplemental judgment on statutory interest and currency conversion claims in Waterfall IIA and IIB

United Kingdom - October 12 2016 The High Court in London handed down judgment on Part C of the Lehman Waterfall II Application on 5 October 2016. The judgment examines the extent of…

Section 236, extra-territorial effect and a way forward following Re MF Global UK Ltd and Re Omni Trustees Ltd

United Kingdom - February 10 2016 The recent decisions in Re MF Global UK Ltd and Re Omni Trustees Ltd give conflicting views as to whether section 236 of the Insolvency Act 1986 has…