Expedited Corporate Debt Restructuring in the EU

• The most comprehensive comparative treatment of expedited restructuring techniques
• Analyses the law and practice of expedited corporate reorganisation in all 28 EU states
• Case studies illustrate how the law is used in practice, highlighting the best way forward and possible solutions to problem areas, including prepacks, pre-negotiated deals, and private workouts
• Common issues in restructurings across the EU including competition, taxation, and procedural issues are covered, providing a multi-jurisdictional analysis

This is the first book to provide a complete comparative analysis of expedited corporate debt restructuring alternatives in the European Union.

The work considers the different options available to a company facing a distress scenario and focuses on the options that provide expedited solutions to these issues. The techniques considered in full include: (1) out-of-court reorganization or (non-insolvency process-related) private workouts; (2) pre-packaged reorganization plans; and, (3) pre-arranged or pre-negotiated reorganization plans. The merits and suitability of each technique are considered and case studies are used to illustrate these points in each chapter.

A considerable feature of the work is the jurisdiction analysis which allows the reader to compare the law and practice related to each method in each of the EU member states. Each country chapter sets out the relevant legal framework, illustrates its practical application and highlights potential problems through the use of case studies. The aim of the book is to work as a toolkit, a first point of reference for anyone dealing with companies in distress in the EU.

In addition to the jurisdictional analysis, the thematic chapter provide an introduction to the techniques discussed and cover common issues for all EU jurisdictions.

Readership: Practitioners and scholars interested in insolvency and restructuring, financial and corporate law.