Mon 09/11/2023 10:17 AM
The implementation of the EU Directive 2019/1023
on preventive restructuring frameworks has led to significant amendments to and revisions of restructuring laws and processes across Europe.
These updates have led to the inclusion of, most significantly, the cross-class cramdown mechanism, and the implementation of the Directive has resulted in a seemingly uniformed restructuring process across Europe. When looking closely at France, Germany, Italy, the Netherlands, Spain and the U.K.,...
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