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What’s next for insolvency law reform in Europe: a pan-European insolvency law?

July 15, 2015

The reforms to the Council Regulation (EC) 1346/2000 on insolvency proceedings and their impact on cross-border insolvency have been well documented.  By contrast, the European Commission’s recommendation on “a new approach to business failure and insolvency” has gone relatively unnoticed. However, that recommendation could have significantly wider ramifications for insolvency and restructuring proceedings in Europe […]

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Scheme hot topics

June 29, 2015

In this third and final instalment of our review of key issues concerning schemes of arrangements, we contrast schemes with US Chapter 11 proceedings.  The shape of a restructuring is often influenced by a number of key factors; we highlight those that are most likely to be relevant. Scheme hot topics bulletin: Part III Our […]

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German BaFin permits origination, restructuring and prolongation of loans to German borrowers by certain funds without a banking licence

June 8, 2015

“BaFin changes its administrative practice relating to loan funds 13 May 2015 On 12 May 2015, BaFin declared loan funds to be permissible. Thus, it is now possible to grant loans for the account of Alternative Investment Funds (“AIFs”) for which the German Investment Code (Kapitalanlagegesetzbuch – KAGB) specifies only a few or no product […]

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Weil’s London Restructuring and Structured Finance team advises Barclays on the £1.5 billion financial restructuring of the General Healthcare Group

June 4, 2015

A cross-practice London Restructuring and Structured Finance team from international law firm Weil, Gotshal & Manges has advised long-standing global client Barclays Bank on the restructuring of the General Healthcare Group (“GHG“), which trades as BMI Healthcare. With over £1.5 billion of debt, a wide array of divergent stakeholders and fluctuating market valuations, this restructuring […]

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