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Access EIR Case Register for Updates

Access the EIR Case Register for Updates - Now with over 500 cases added.

INSOL Europe Turnaround Wing Guidelines now published

The 'INSOL Europe Turnaround Wing Guidelines for Restructuring and Turnaround Professionals' have now been published. The guidelines were developed in 2015 by INSOL Europe’s Turnaround Wing, through…

INSOL International Graduates

INSOL International is pleased to announce the sixth graduating class of the Global Insolvency Practice Course. The successful participants are now formally recognised as a Fellow, INSOL International.

New Insolvency Office Holders forum launched

During INSOL Europe’s AGM at the Annual Congress in Istanbul (October 2014), Catherine Ottaway (INSOL Europe’s President at the time) announced the decision to create a new forum focused on insolvency…

News
The Board of the National Bank of Romania (BNR) decided in September 30 meeting to cut the minimum reserve requirements ratio on foreign exchange-denominated liabilities of credit institutions to 10 percent from 12 percent, to maintain the monetary policy rate at 1.75 percent per annum and to have an adequate liquidity management in the banking system starting October 24- November 23. As BNR expected, the annual inflation rate grew by 0.6 percentage points compared with the previous month when it was... Commerzbank yesterday said it would cut nearly 10,000 jobs or more than a fifth of its workforce and stop paying dividends for the time being as it restructures to become profitable on a more sustainable basis by 2020. Germany’s second biggest lender said in a statement it expected restructuring costs of €1.1 billion as it combines business segments and cuts costs to offset the drag from low loan demand and negative European Central Bank interest rates and as it shifts to digital banking. The revamp will... After Brexit, creditors may be impacted when assets of insolvent companies are sought for recovery in Europe. The government should be more transparent regarding Air Malta and ensure that its decision making process is based on consultation, evidence and expert advice, the Civil Society Network said. In a statement this morning, it said that despite its restructuring programme, Air Malta was still in a precarious financial situation and the workers' fate was unclear. The government has agreed in principle to concede control of the management of Air Malta to Alitalia. Senior government sources had told the Times... Company news, markets and financial talking points, available from 8am Monday to Friday Deutsche Bank: The next Lehman Brothers? The cost of insuring Deutsche Bank's sub-ordinated bonds has leapt to a record high, as trading in its credit default swaps rose by more than 60%. Germany has denied talk of a rescue plan for the bank and questions are being asked as to whether it will become "the next Lehman Brothers". The Daily Telegraph says: "Whether or not Deutsche can survive without a bail-out by the... The Greek parliament has passed the law to cut pension spending and transfer control of public utilities to a new asset fund. The reforms sought by the country's creditors may help unlock €2.8 billion from Greece’s €86 billion bailout program. Read Full Article at RT.com The industry occupies the first place in the top of economic sectors marked by the procedure of insolvency between January – August 2016 they accumulating approximately 45% of the total of insolvencies recorded at national level, according to an analysis made by CITR. The society with a portfolio of over 850 procedures, made an analysis of the dominating sectors on the market of insolvency among the companies with impact in economy ( companies with the value of assets more than a million euro). Thus,... State assets, including water and electricity utilities, are to be transferred to a new asset fund created by international creditors. The plans have sparked demonstrations and public sector strikes across the country. The cost of insuring Deutsche Bank AG’s subordinated debt rose to a record amid growing concerns about the lender’s financial health, Bloomberg News reported today. Credit-default swaps on the German lender’s junior bonds jumped as much as 37 basis points to 536 basis points, the highest level in CMA prices going back to 2007. The lender’s 1.75 billion euros ($2 billion) of 6 percent additional Tier 1 bonds, the first to take losses in a crisis, fell about 2 cents on the euro to a more than seven-month... As an international financial services centre, Malta provides for various fiscal incentives both to Malta companies and also to their shareholders. This makes Malta a very tax efficient jurisdiction where to set up companies to hold intellectual property
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