In their press release, issued last Wednesday, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation found that seven of the eight biggest banks have submitted resolution plans that ‘were not credible or would not facilitate an orderly resolution under the US Bankruptcy Code'.
OBLB Summer Break
The OBLB will be on a summer break until 22 August. We look forward to receiving new submissions and supporting the exchange of ideas on business law upon our return. Thank you!
Online Event Series: ‘Supporting Distressed Businesses in the COVID-19 Crisis’—The View from France
Over the past 15 months, policymakers around the globe have scrambled to intervene in response to an anticipated wave of business bankruptcies flowing from COVID-19 trading disruption. A range of...