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 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...
