by Eugenio Vaccari | Nov 22, 2024 | Financial distress, Local authorities, Municipal debt, News, Russian Federation
Municipal property management is a cornerstone of local governance, influencing the delivery of essential services and the financial stability of municipalities. In the Russian Federation, the allocation and use of municipal assets have frequently sparked legal and...
by Eugenio Vaccari | Nov 4, 2024 | Bankruptcy, Insolvency, Local authorities, Local public entities, UK
In English law, local authorities facing financial distress are subject to unique legal requirements aimed at preventing insolvency, contrasting sharply with corporate insolvency procedures. Local councils must legally maintain balanced budgets under the Local...
by Eugenio Vaccari | Oct 28, 2024 | Bankruptcy, Higher Education, Insolvency, News, special administration regime, UK
In light of Labour’s recent victory, the financial stability of UK universities is gaining heightened attention. With inflation driving up costs while tuition fees remain frozen, UK universities are grappling with severe financial challenges, particularly as...
