11/18/2025 9:14:43 AM Wirecard insolvency: Federal Court of Justice confirms subordination of shareholder damages claims to all creditor claims in landmark insolvency ruling By Lars Westpfahl Patrick Schroeder Sonja Vidal Susanne Hoerrmann Tom Dittmar Victor Aly +3 more... Show less In its much-anticipated judgment of 13 November 2025 the German Federal Court of Justice (FCJ) held that in insolvency proceedings,...
11/11/2025 4:01:12 PM Panoramic: Restructuring & Insolvency – 2026 edition now out By Catherine Balmond Katharina Crinson Simran Khan We are pleased to announce the publication of the 2026 edition of Panoramic: Restructuring & Insolvency. Covering 39 jurisdictions, this...
11/10/2025 5:03:33 PM River Island and Poundland – a consolidated framework for the court’s exercise of cross class cram down discretion By Diallo Williams Katharina Crinson Ken Baird The UK retail sector faces ongoing challenges from shifts in consumer behaviour and persistent economic pressures. In this light, Part...
10/29/2025 10:11:53 AM Europe 2.0 – Competitive and Autonomous: Key Insights from the CEE Finance Workshop By Victoria Bazil Florian Klimscha Stephan Pachinger Anouschka Zagorski Eva Schneider Maximilian Hohenauer Maximilian Ihra Aylin Bektasli Florian Braunauer +6 more... Show less On 23 October 2025, the Freshfields Vienna team welcomed legal experts and financial leaders to its Vienna office for its 17th annual CEE...
10/7/2025 10:43:26 AM Practice Statement 2.0: A significant milestone for Part 26 Schemes / Part 26A Plans? By Jack Vaughan Sunil Singh Katharina Crinson Craig Montgomery +1 more... Show less Introduction Changes are afoot to Court rules for English in-court restructuring processes to make them fit for the future. On 18...
9/17/2025 3:34:03 PM Cross class cram across and cross border complexities: lessons from the Madagascar Oil restructuring plan By Nicholas Cooper Katharina Crinson Nick Fortune The High Court sanctioned Madagascar Oil Limited’s restructuring plan, exercising cross class cram down. The judgment deals with a few...
8/21/2025 10:40:54 AM Waldorf: the trilogy of Court of Appeal cases applied – restructuring plan not sanctioned By Chloe Ball Katharina Crinson Catherine Balmond In a significant further application of the Court of Appeal’s reasoning in Adler, Thames Water and Petrofac, the High Court declined to...
7/14/2025 11:55:20 AM EU Insolvency Law: Momentum builds as European Parliament comments on the draft directive to harmonise certain aspects of insolvency law By Charlotte Ausema Simran Khan Susanne Hoerrmann Katharina Crinson Silvia Angos +2 more... Show less In our earlier blog, "EU insolvency law: Member States move closer to harmonisation", we examined how proposals to harmonise insolvency...
7/11/2025 11:12:36 AM Petrofac in the Court of Appeal: ‘No worse off’ test clarified, but fairness of benefit allocation brings down restructuring plan By Caroline Platt Katharina Crinson In a significant follow-on judgment the Court of Appeal has both clarified and moved beyond the High Court’s approach to the ‘no worse...
6/17/2025 8:26:12 AM EU Insolvency Law: Member States Move Closer to Harmonisation By Charlotte Ausema Simran Khan Susanne Hoerrmann Katharina Crinson Silvia Angos +2 more... Show less On 12 June 2025, the Council of the EU announced that member states have agreed on a general approach to a directive aimed at bringing...
5/23/2025 10:34:00 AM Collateral Gains? High Court Rules Indirect Economic Benefits Too Remote in Petrofac Plan By Caroline Platt Rob Gray Introduction On 20 May 2025, Mr Justice Marcus Smith handed down his eagerly-awaited judgment sanctioning the two inter-conditional...
5/20/2025 9:44:43 AM Landmark Belgian Court of Cassation ruling: mortgage holders must renew registration post-bankruptcy By Wouter Van Der Veken Reinout Vrielinck Werner Derijcke Zita Leijnse +1 more... Show less In a recent judgment, the Belgian Court of Cassation ruled that a secured creditor must renew the registration of its mortgage even after...