In the February 2016 edition of the Restructuring & Insolvency newsletter:
Greece simplifies rehabilitation and liquidation procedures
Greece’s Bankruptcy Code has undergone substantial changes that will simplify procedures, facilitate the avoidance of bankruptcy, and promote the rescue of businesses. Guest contributor Konstantinos Issaias of the Kyriakides Georgopoulos Law Firm shares the highlights of this legislation.
Foreign bank may utilize simplified Russian procedure to initiate its debtor’s bankruptcy
Anton Maltsev and Pavel Novikov explain how foreign banks with Russian debtors will benefit from a recent court decision making it easier for them to initiate the bankruptcy of their debtors.
The Canadian resource sector: challenges and opportunities
The Canadian resource sector continues to be weak, with no recovery in sight. Frank Spizzirri reports on the challenges and opportunities for distressed investors and solvent resource companies during this de facto reorganization of the sector.