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...
by rpafdaccess | Sep 27, 2024 | Insolvency, Local public entities
Author: Laura N COORDES, Yseult MARIQUE, Eugenio VACCARI The treatment of local public entities in distress is a largely domestic, even parochial area of law. The rules in this area are largely unaffected by the influence of principles developed in other areas of law,...
by rpafdaccess | Sep 26, 2024 | Financial distress, Harmonisation, Insolvency, Local authorities, Local public entities, Model law, News, Uncitral
Author: Laura N COORDES, Yseult MARIQUE, Eugenio VACCARI This article provides a rationale for a potential model law for the treatment of distressed local public entities (LPEs). Building upon our previous work, a first-of-its-kind global study of the treatment of...
by rpafdaccess | Sep 26, 2024 | Bankruptcy, Comparative analysis, Esg, Insolvency, Municipal bankruptcy, Municipal financial distress, Public entities
Author: Eugenio VACCARI, Laura N COORDES, Yseult MARIQUE, Geo QUINOT The treatment of local public entities or municipalities in distress is a largely under-explored area of law. The rules regulating these processes are often unaffected by the influence of legal...
by rpafdaccess | Sep 26, 2024 | Disclaimers, Environmental claims, Insolvency, News, Polluter pays principle
Author: Eugenio VACCARI, David EHMKE The paper discusses the treatment of environmental liabilities in insolvency and restructuring frameworks. It compares the German and British approaches – and particularly the rules on disclaimers of environmental liabilities –...
