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  • While regulation is a concern for many, participants at the IFLR?Structured Products and Derivatives Forum see a strong 2012 for derivatives in Europe
  • The failure of Eircom's restructuring plan has highlighted tensions around the inclusion of eurozone break-up clauses in corporate contracts
  • Alric Ofenheimer and Marcus Benes of Eisenberger & Herzog detail the insolvency mechanisms available in Austria
  • Guillermo Sánchez Sava and Gustavo Badilla Araya of Central Law explains Costa Rica’s provisions for prevention and reorganisation proceedings
  • The panic of 2008 and may be well behind us, but the restructuring and insolvency lawyers are still dealing with the fallout from the crisis
  • From December 1 2011, Decree No 90/2011/NÐ-CP (dated October 14 2011) on the issue of enterprise bonds came into effect. It replaced Decree No 52/2006/NÐ-CP (May 19 2006) on the issue of enterprise bonds and some selected provisions of Decree No 53/2009/NÐ-CP on the issue of international bonds.
  • Morrison & Foerster Address
  • Turkey has ratified the Cape Town Convention on International Interests in Mobile Equipment and the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment on March 29 2011, with effect from July 4 2011.
  • Ji Yeoun Kim The retirement pension plan in Korea first became available in 2005 after the passing of the Employee Retirement Benefit Security Act (ERBSA). At the time of introduction, adoption of the retirement pension plan was not obligatory and it could be determined with mutual agreement by the employer and the worker. The worker was free to choose a plan from among defined benefit (DB) plans under which the level of a worker's benefits is predetermined, or defined contribution (DC) plans under which the level of an employer's contribution is specified, and the worker retains the right to decide how the contribution should be managed.
  • In the previous issue the author noted that due to particularities of Polish law (dating back to the beginning of the 20th century), securing of a multi-facility syndicated structure with Polish law governed security interests usually requires the use of special concepts such as parallel debt.