Insights & News
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Germany Amends Insolvency Regime
9 March 2012
Germany amended insolvency regime with effect as of March 1, 2012. A new preliminary creditors’ committee will allow creditors to influence appointment of insolvency administrators.
By utilizing an insolvency plan it is now possible to achieve a debt to equity swap without approval of existing shareholders which increases the flexibility for insolvency restructurings and gives investors more incentive to invest in the debt of stressed or distressed companies.
Philipp von Holst
Dr. Peter Wand
CFTC Staff Interpretations Regarding Derivatives Clearing Organizations
In Two Recent Orders, CFTC Holds that Bitcoins Are Commodities
Debevoise Advises UCI Holdings in its up to $125 Million Senior Secured Asset-Based Revolving Credit Facility
Debevoise Advises Sacturino in its Bid for Polyus Gold