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
Banking Agencies’ Guidance on Compliance Date for Uncleared Swap Margin Rules
Debevoise Advises NLMK in a $250 Million Credit Facility
CFTC No-Action Letters on Uncleared Swap Margin Rules
No-Action Relief from Notice Filing Requirement under the CFTC Rules on Aggregation of Positions
Debevoise Women's Review