Written by: H. Philipp Esser
Schultze & Braun GmbH; Archern, Germany
German corporate bankruptcy law will soon undergo a major reform when the proposed Gesetz zur weiteren Erleichterung der Sanierung von Unternehmen (ESUG, or the Company Restructuring Facilitation Act) passes through legislation. The objective of the ESUG is to facilitate the restructuring of companies, strengthen the role of creditors and advance debtor-in-possession (DIP) type orders (eigenverwaltung) and reorganization plans (insolvenzplan). In addition, the ESUG will expand the special protection of central counterparties in financial systems and increase the efficiency of insolvency courts. The ESUG could be enacted as early as the fall of 2011, and aims at preventing forum shopping out of Germany.
Read the full article.
Written by: Gilberto Deon Correa, Jr.
Veirano Advogados; Porto Alegre, Brazil
A new law recently published in Brazil will facilitate the making of new investments with limited liability. Federal Law No. 12,441, enacted on July 11, 2011 (Law 12,441), amended certain provisions of the Brazilian Civil Code (Federal Law No. 10,406/2002) to allow the creation by a single person, either an individual or a legal entity, of companies with limited liability (EIRELI).
Read the full article.
ABI has been busy this summer creating new online products with the goal of saving you time and resources. The newest addition to this lineup is Search - search.abi.org. This new member resource searches more than 2 million keywords across all the ABI information platforms. The search covers every issue of the ABI Journal since 1997 and every ABI Law Review since 1995, in addition to all books, CLE conference materials and other exclusive ABI content. This search feature is also available on your smartphone or tablet.
Get up-to-speed and in the know quickly with Search - search.abi.org.
ABI is pleased to announce the launch of another new product, materials.abi.org. At this new conference educational materials website members can sort resources dating back to 2005 by conference, speaker or keyword. Exclusively for our members, files will be downloaded to your device in PDF format. This new website is also accessible on your smartphone or tablet, and all documents are newly formatted to be compatible.
Click here to view the new materials website.
Click here to view all materials related to the International Committee.
