Bulgarian legislation has a specific Law on Bank Bankruptcy (the "LBB") which in most of its aspects provides for specific rules derogating the bankruptcy rules for companies.
This is a case law where the Plaintiff sought damages from defendant for not having given sufficient efforts in executing an exclusive distribution contract entered into between the parties.
This multi-PAK provides a high level overview of the lending market, forms of security over assets, special purpose vehicles in secured lending, quasi-security, negative pledge, guarantees, and loan agreements. It covers creation and registration requirements for security interests; problem assets over which security is difficult to grant; risk areas for lenders; structuring the priority of debt; debt trading and transfer mechanisms; agent and trust concepts; enforcement of security interests and borrower insolvency; cross-border issues on loans; taxes; and proposals for reform.
In the course of reforms to Russian civil legislation, recently, significant amendments to pledge regulations were made. The Federal Law "On Pledges" was repealed and pledges are now regulated only by the Civil Code and the Federal Law "On Mortgages". This article will be a brief overview of the top 10 changes in Russian pledge regulations.
What legislation is applicable to insolvencies and reorganisations? What criteria are applied in your country to determine if a debtor is insolvent?
This primer explores ways in which forest countries can use their domestic legal frameworks to meet key international requirements from the UNFCCC and FCPF and address a number of broader governance issues which are critical for achieving effective, efficient and equitable REDD+.
Most companies have key business suppliers upon which they rely. In these relationships, comprehensive agreements are created to memorialize contractual understandings and provide indemnity rights/obligations if things do not go as planned. What do you do if your key business supplier or franchisee does not meet expectations and causes your company a large loss in breach of the protective agreement? Should you write it off as the cost of doing business? Should you retain counsel and sue for indemnity at the risk of souring the relationship and losing future business? Panelists will address approaches that create a satisfying middle ground to enforce indemnity rights and potentially strengthen business relationships.
Learn from representatives of prime upper- and lower-tier subcontractors how to review, track and explain the numerous federal acquisition rules (FARs) that are often incorporated by reference into contracts of all sizes and types, including the differences between optional and mandatory flow-down clauses and exceptions to incorporated clauses in other non–FAR related statutes.
This sample checklist may be helpful in engaging with your company’s business team during initial discussions of a proposed licensing arrangement where your company (Licensee) desires to license software from another company (Licensor).