Crossroads in EU harmonization on restructuring and insolvency :
Posted in Restructuration
Par Adrian Thery, Partner à Garrigues (Garrigues is a partner of Droit&Croissance)
RTDF N°1 – 2016
The cram-down and valuation mechanisms are not merely relevant to a harmonized regime for insolvency and restructuring law. In order to promote a stronger capital markets union and overcome the known risks of the current bank-based system, it may be wise not to embrace a flawed “senior takes all” model for companies facing financial distress across the EU.
