Firm
Automatic voting programmes could significantly affect activists’ ability to push through unwanted M&A deals or to oppose deals that are approved by directors
EU lawmakers have voted to scale back sustainability and due diligence rules for companies, approving February’s proposals to streamline the CSRD, CS3D and related taxonomy
The managing director and newly appointed director of AI at Fieldfisher X explain how the Berlin base is betting big on AI – not to cut costs, but to create value
New hires were made across the finance, corporate and PE practices London and Silicon Valley
The firm announced the launch of a new office in Sydney with four partners 'to open doors' to opportunities for Australian clients
Exclusive IFLR data reveals which law firms rose in the banking tables, including which entered for the first time across Italy, Germany, France and the UK
The firm’s US SPAC lead and a UK capital markets partner explore the rebound in SPAC activity and the firm’s strategy to capitalise on renewed interest
Frankfurt-based M&A partner Robert Bastian explains why no deal is ever the same and how clarity, integrity, and sharp negotiation turn complexity into success
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Sponsored by Skadden Arps Slate Meagher & Flomwww.skadden.com
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Sponsored by Meyerlustenberger LachenalA debtor in financial distress – either insolvent or with negative equity – can request a moratorium and initiate composition proceedings by submitting a provisional restructuring plan to the competent composition court. The latter will, upon a summary examination of its merits, grant a provisional moratorium if it comes to the conclusion that a composition plan may be achievable. It will reject the moratorium, if it finds that there are obvious indications that the plan will most likely fail. The moratorium is first granted on a provisional basis with a maximum duration of four months and is not published if the debtor so requests and the interests of the creditors and other third parties, if any, are sufficiently protected. The court can grant a final moratorium of four to six months (which needs to be published), provided it considers the chances of achieving a composition agreement are sufficiently realistic. If the restructuring during the (provisional) moratorium is successful and no composition agreement is necessary, the debtor can file for a suspension of the moratorium and thus no composition proceedings follow.
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Sponsored by Slaughter and MayThe European Market Infrastructure Regulation is causing confusion around the question of which instruments and agreements the new framework is designed to capture