What legislation is applicable to insolvencies and reorganisations? What criteria are applied in your country to determine if a debtor is insolvent?
What legislation is applicable to insolvencies and reorganisations? What criteria are applied in your country to determine if a debtor is insolvent?
This guide reviews applicable legislation to insolvencies and reorganizations in Belgium.
The authors of the following article are from the Global Law Intelligence Unit – a faculty of expert Allen & Overy lawyers dedicated to cross-border law and to helping solve the puzzles of multi-jurisdictional law.
The court-supervised reorganization of corporations introduced by the Brazilian Reorganization and Bankruptcy Law (LRF) arose in order to lower credit risk and achieve greater reductions in interests accrued on financial loans. However, little has been said about the fact that the LRF has introduced several capital market protection mechanisms, which is discussed in this article.
The aim of the RDL is to improve and clarify certain aspects of the rules governing outof-court protected refinancing arrangements and the so-called Spanish scheme or "homologación judicial" whilst trying to solve other inefficiencies of the legal regime applying to those refinancing arrangements that have arisen in practice. This is a preliminary review that we thought should be shared with you as soon as possible given the number of current debt restructurings that may be affected by its content.
A review of how Brazil's recent Anti-Corruption Law intersects with its Bankruptcy Law, with particular focus on the Bankruptcy Law's allowance of the sale of a business without the inheritance of any liabilities.