5 September 2017
Welcome to the September edition RCR Update summarising what we think are the more interesting recent legal developments in restructuring and corporate recovery.
Floating charges and administrators’ appointment
Amy Patterson, London senior associate, comments on a recent decision affirming the enforceability of a second-ranking floating charge.
German Federal Supreme Court comments on duration and enforceability of bridging loans
Alexander Senninger, Hamburg senior associate, on a recent case which touches on short-term financings and restructurings.
Mortgage mistakenly released: common sense prevails
Neil Smyth from our London office reports on a welcome Court of Appeal decision for mortgagees.
Personal insolvency: new regulations coming into force November 2017
Andreas Howadt, Vienna associate, and Susanne Fruhstorfer, Vienna partner, report on changes to the Austrian personal insolvency regime.
Annulling bankruptcy orders
Katherine Hudson from our London office comments on a successful appeal to the High Court concerning a failure to consider new evidence.
Is a legal claim onerous property that can be disclaimed?
London partner Neil Smyth reports on a High Court case confirming that legal claims may be disclaimed by trustees in bankruptcy.