Firm
Tom Schoors will combine the new EU chair role with his post as Belgium managing partner, helping global clients to tap into the firm’s EU expertise across 16 offices
Gibson Dunn has hired a seven-lawyer investment funds team from Clifford Chance in Paris, led by partner Xavier Comaills, as the firm continues its European expansion
Jeff Karpf, who took on the role of managing partner in January, discusses his first 90 days, capital markets trends amid tensions, and lateral hiring priorities
Ian Hohmeister, who arrived in March from Morrison Foerster, has been appointed the inaugural managing partner of the firm’s newest US hub
New hires were made across the corporate, finance and M&A practices in the US, UK and Europe
Ahmed Ibrahim, managing partner of Ibrahim N Partners discusses IPO pipelines, investor confidence and regulatory engagement amid regional tensions
Ingo Brinker and Niklas Brueggemann join the firm from White & Case and Latham, respectively
Valuing a company isn’t a one-size-fits-all – mergers, investments, and litigation reveal how buyers, sellers, investors, and lenders use distinct approaches and priorities
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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.
