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 | 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 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 | 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 –...
by rpafdaccess | Sep 9, 2024 | China, Financial distress, Insolvency, Local government, News, Public-private partnerships, UN sustainable development goals
Author: Shuai GUO, Rebecca PARRY, Eugenio VACCARI Local governments have played a pivotal role in China’s rapid economic growth, yet they have simultaneously faced unique financial pressures. The demands on local governments have increased significantly due to...
