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    EYES on Insolvency Conference Report

    Myriam Mailly, Technical Officer of INSOL Europe reports on the recent one-day international conference in Amsterdam attended by over 250 delegates.

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    INSOL Europe helps shape tomorrow’s insolvency laws at UNCITRAL Working Group V (Insolvency Law) 50th session

    INSOL Europe attended the 50th session of the Working Group V held in Vienna from 12 to 16 December 2016 in its capacity as an invited international non-governmental organization (“NGO”) with observer…

    Access EIR Case Register for Updates

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

    Cyprus continues to experience “excessive economic imbalances” after it made limited progress in implementing structural reforms which could have helped address them, the European Commission said. While the island has made some progress in reducing non-performing loans,which comprise roughly half the loan portfolio of Cypriot banks, and promoting investment, progress was limited in increasing the capacity of public employment services, reforming national healthcare, implementing fiscal structura...In comments ahead of a key meeting with German Chancellor Angela Merkel in Berlin Wednesday, International Monetary Fund chief Christine Lagarde sent messages to both Athens and Brussels, calling for a Greek debt restructuring while underlining the need for “significant progress” on reforms.First Trust Bank is to close 15 branches in the North. The bank said the move followed an 18-month strategic review to ensure sustainability In the face of changing customer behaviour habits. As well as the region-wide closures, which will halve the number of branches, the bank said it planned a £10 million investment strategy for personal and business customers, including five new business centres.he European Commission said in its annual analysis published on Wednesday that while Estonia has one of the best performing labor markets in the European Union, but its declining working-age population and the continuing increase of labor costs per worker might reduce the country's competitive ability, reports LETA/BNS.The director-general of the international monetary Fund (IMF), Christine Lagarde, was asked Wednesday 22 February a restructuring of Greek debt, while judging that the reduction of its amount was not necessary. The Greek debt "will have to be restructured appropriately" By restructuring, Ms. Lagarde refers to " a significant lengthening of maturities ", that is to say, a postponement of the deadlines by which Greece is going to have to repay the international loans, "and a capping significant ...Berlin - the director of The international monetary Fund (IMF) Christine Lagarde has pleaded Wednesday for a restructuring of the enormous Greek debt, after a meeting with Angela Merkel, in finding that a reduction in its amount was not necessary. The Greek debt "will have to be restructured appropriately" and the magnitude of this operation "will clearly depend" of the reforms implemented by Athens to reduce its public deficit, said in Berlin, Ms. Lagarde, interviewed by the public tv channel G...Greece doesn't need a debt haircut at the moment, International Monetary Fund Chief Christine Lagarde said on Wednesday, adding that debt restructuring and interest rate cuts on bailout loans were necessary. "We are much more confident after the progress made by the Greek authorities to come in the direction of the institutions to satisfy the requirements that we have in order to engage in a program," Lagarde told German public broadcaster ARD after talks with Chancellor Angela Merkel in Berlin.First Solar First Solar shares are down over 7% after the solar equipments supplier reported a substantial 4th quarter loss of ($6.92) per share, against consensus estimate of a $1 profit. The sharp slump after the earnings release adds to the share's lackluster performance over the last year , losing almost half its value.International initiatives in the fight against tax avoidance can have an impact on tax revenues and Malta's fiscal position,  the European Commission’s annual report on Malta has found. The report noted that d espite improvement in public finances, some risks to long-term sustainability remain ed .The European Commission has threatened to launch a procedure against Italy over its excessive debt if it doesn't take measures to cut spending by 0.2 percent of its GDP before the end of April. "There would be a case to open," commission vice-president Valdis Dombrovskis said at a press conference on Wednesday 22 February, as Italy's debt is expected to reach over 133 percent of its GDP this year - more than twice the EU's 60 percent rule.