Protecting Customers From Harm Is A Crucial Part Of Your Financial Well-Being Strategy – Forbes

Earlier this month, the UK government launched a newBreathing Space schemein England and Wales. This debt respite scheme gives people struggling with debt problems a 60-day period of legal protection during which all interests and charges on their debt will be frozen while they receive professional debt advice. No enforcement action will be taken during…

New insolvency rules help energy companies carve out their environmentally-compromised assets – Financial Post

Breadcrumb Trail Links FP Energy RVOs effect a sale of an insolvent entitys shares in a transaction where assets and liabilities unwanted by the purchasers are excluded Author of the article: Julius Melnitzer Electric vehicle batteries. Creditors objections about Nemaska Lithium Inc. led to the first contested judicial decision on the validity of RVOs. Photo…

EU Restructuring Directive to offer ailing Cyprus companies a lifeline – Cyprus Mail

On June 26, 2019, the Directive (EU) 2019/1023 of the European Parliament and of the Council of June 20, 2019 on preventive restructuring frameworks, on discharge of debt and disqualifications, and of measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt, and amending Directive (EU) 2017/1132 (the EU Restructuring Directive),…