by Eugenio Vaccari | Sep 8, 2025 | Bankruptcy, Belgium, Financial distress, Local authorities, Local government, Local public entities
On June 9, 2024, Belgium held regional elections that left the Brussels Region in a state of profound political paralysis. More than a year later, the Region remains without a functioning government, trapped in a feedback loop of political deadlock and fiscal...
by Eugenio Vaccari | Nov 27, 2024 | Belgium, Financial distress, Local public entities, Public-private partnerships, Water Companies
Inter-municipal corporations in Belgium, tasked with critical public services like water supply and sewer management, face mounting financial challenges. Vivaqua, a water and sewer company serving Brussels, exemplifies these struggles, with its debt surging to €1.17...
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 Emanuele Padovani | Nov 11, 2024 | Bankruptcy, Covid-19, Financial distress, Local government, Local public entities
Local governments (LGs) worldwide faced profound financial challenges due to the COVID-19 pandemic, which exposed vulnerabilities in their fiscal structures and governance. As primary providers of essential services, LGs experienced significant fiscal strain due to...
by rpafdaccess | Sep 27, 2024 | Financial distress, Municipal bankruptcy
Author: Laura N COORDES In order to gain access to chapter 9 bankruptcy, municipalities must demonstrate that they meet several eligibility requirements. These requirements were put in place to prevent municipalities from making rash decisions about filing for...
by rpafdaccess | Sep 27, 2024 | Financial distress, Municipal bankruptcy
Author: Laura N COORDES Chapter 9 of the U.S. Bankruptcy Code has many shortcomings. One of the most persistent, yet understudied, problems judges face in chapter 9 is also a problem that exists in other areas of bankruptcy law: the sheer difficulty of applying...
