EXPERTISE
Restructuring & Insolvency

Recent developments in Kazakhstan on the suspension of the initiation of bankruptcy proceedings

3 August 2020 – This note discusses recent developments in Kazakhstan on the suspension of the initiation of bankruptcy proceedings. The proposed suspension was introduced to help businesses overcome the economic crisis caused by the COVID-19 outbreak...

Romania: Insolvency in the context of the Covid-19 pandemic

8 May 2020 – During the current state of emergency, the Romanian government has adopted a series of measures aimed at reducing the negative effects of the COVID-19 pandemic on the business environment in Romania, such as supporting the payment of technical...

Czech Republic: Amendments to the Insolvency Act in relation to the COVID-19 pandemic (updated)

9 April 2020 – The Chamber of Deputies of the Parliament of the Czech Republic, in response to the economic impact of the current crisis resulting from the government measures related to the COVID-19 epidemic, adopted an act on certain measures to mitigate...

Czech Republic: Amendments to the Insolvency Act in relation to the COVID-19 pandemic

2 April 2020 – The Ministry of Justice, in response to the economic impact of the current crisis resulting from the government measures related to the COVID-19 epidemic, has prepared an act on certain measures to mitigate the effects of the SARS CoV-2...

Kinstellar lawyers Denise Hamer and Andriy Nikiforov speak at NPL & Real Estate Investment Summit 2020 in Kyiv

March 2020 – On 26-27 February 2020, Denise Hamer, Special Counsel and Head of Asset Solutions C/SEE, and Andriy Nikiforov, Counsel and Head of Banking & Finance in Ukraine, spoke at the NPL & Real Estate Investment Summit 2020 organised by...

Amended Kazakh bankruptcy law: Insolvency proceedings have been simplified

February 2020 – On 10 January 2020, new amendments to the “Law on Rehabilitation Procedure and Bankruptcy” dated 7 March 2014 No. 176-V (the “Old Law”) and related legal acts came into effect by the Law dated 27 December 2019 No. 290-VI (the...

New Ukrainian Bankruptcy Code. The finance and debt restructuring perspective

November 2019 – On 21 October 2019, the Code on Bankruptcy Procedures adopted by Ukraine’s parliament on 18 October 2018 (“the Code”) came into effect. The Code replaces the Act of Ukraine on Renewal of Debtor’s Solvency or Declaring It Bankrupt...

Crossing borders and sharing know-how: Martina Březinová, Counsel in Prague, on secondment at Kinstellar’s sister firm DFDL

October 2019 – Martina Březinová, Counsel at Kinstellar’s Prague office and part of the regional Banking & Finance team, recently completed a three-month secondment at Kinstellar’s sister firm DFDL’s Phnom Penh office in Cambodia where she...

Two proposed amendments to Bulgaria’s Bank Insolvency Act have been introduced to harmonise local law with EU rules and to further refine the legislation

March 2019 – On 22 February 2019 and 26 February 2019 two bills were introduced in the Bulgarian parliament to amend the existing Bank Insolvency Act (“Bills”).

Bulgaria’s Supreme Court of Cassation issues interpretative judgement strengthening the equal treatment of creditors and expediting insolvency proceedings

February 2019 – On 3 December 2018, Bulgaria’s Supreme Court of Cassation (“SCC”) issued Interpretative Judgment No 1 (the “Judgement”) on interpretative proceedings No 1/2017 of the General Assembly of the Panel of Commerce. The Judgement...