Colombia: Individual Insolvency Law
(Sept. 1, 2010) Colombia's Law 1380 of January 25, 2010, establishes the insolvency regimen for natural persons (with the exception of merchants). This new insolvency regime allows debtors who are...
View ArticleNetherlands: Proposal to Expedite Handling of Bankruptcy Class Actions
(July 25, 2011) According to a press release issued on July 11, 2011, the Dutch Ministry of Security and Justice has drafted a legislative proposal that would enable receivers to settle bankruptcies...
View ArticleBrazil: Program Will Reduce Red-Tape in Opening or Closing a Company
(Mar. 2, 2015) On February 26, 2015, the federal government launched a program (Programa Bem Mais Simples Brasil) to reduce the government paperwork involved when opening or closing small- or...
View ArticleIceland: Easing of Capital Controls and Banking Regulations
(July 16, 2015) On July 3, 2015, the Icelandic Parliament (Althingi) passed legislation (The Act on a Stability Levy) to ease capital controls and bank regulation in the country, provided certain...
View ArticleItaly: Legislation on Debtor-Creditor Relationships
(June 21, 2016) On May 4, 2016, new legislation introducing provisions related to debtor-creditor relations, bankruptcy procedures, executive debt collection procedures, and procedures for the...
View ArticleSaudi Arabia: Bankruptcy Bill Expected to Be Implemented in 2018
(Nov. 2, 2017) On September 21, 2017, the Saudi Minister of Commerce and Investment, Majid al-Qasabi, announced that the Ministry had referred to the Shura Council (a 150-member legislative advisory...
View ArticleBolivia: Law on Social Enterprises Promulgated
(May 25, 2018) On May 1, 2018, Bolivian President Evo Morales promulgated Ley 1055 de Empresas Sociales (Law 1055 on Social Enterprises). The new Law allows workers to take over private companies they...
View ArticleEcuador: Humanitarian Support Law Enacted to Address COVID-19 Economic Emergency
(Sept. 21, 2020) The Organic Law on Humanitarian Support, enacted on June 22, 2020, declares COVID-19 an economic emergency in Ecuador and seeks to mitigate the health, economic, and social crises it...
View ArticleRussian Federation: Newly Adopted Amendments to Insolvency Law Allow Some...
(Nov. 25, 2020) On September 1, 2020, Federal Law No. 289-FZ on Amendments to the Federal Law on Bankruptcy entered into force. This law, which was signed by President of the Russian Federation...
View ArticleSwitzerland: New Amending Law Adapts Several Acts to Developments in...
(Mar. 3, 2021) On February 1, 2021, some parts of the Act to Adapt Federal Law to Developments in Distributed Ledger Technology (DLT Act) (Bundesgesetz zur Anpassung des Bundesrechts an Entwicklungen...
View ArticleColombia: Individual Insolvency Law
(Sept. 1, 2010) Colombia's Law 1380 of January 25, 2010, establishes the insolvency regimen for natural persons (with the exception of merchants). This new insolvency regime allows debtors who are...
View ArticleNetherlands: Proposal to Expedite Handling of Bankruptcy Class Actions
(July 25, 2011) According to a press release issued on July 11, 2011, the Dutch Ministry of Security and Justice has drafted a legislative proposal that would enable receivers to settle bankruptcies...
View ArticleBrazil: Program Will Reduce Red-Tape in Opening or Closing a Company
(Mar. 2, 2015) On February 26, 2015, the federal government launched a program (Programa Bem Mais Simples Brasil) to reduce the government paperwork involved when opening or closing small- or...
View ArticleIceland: Easing of Capital Controls and Banking Regulations
(July 16, 2015) On July 3, 2015, the Icelandic Parliament (Althingi) passed legislation (The Act on a Stability Levy) to ease capital controls and bank regulation in the country, provided certain...
View ArticleItaly: Legislation on Debtor-Creditor Relationships
(June 21, 2016) On May 4, 2016, new legislation introducing provisions related to debtor-creditor relations, bankruptcy procedures, executive debt collection procedures, and procedures for the...
View ArticleSaudi Arabia: Bankruptcy Bill Expected to Be Implemented in 2018
(Nov. 2, 2017) On September 21, 2017, the Saudi Minister of Commerce and Investment, Majid al-Qasabi, announced that the Ministry had referred to the Shura Council (a 150-member legislative advisory...
View ArticleBolivia: Law on Social Enterprises Promulgated
(May 25, 2018) On May 1, 2018, Bolivian President Evo Morales promulgated Ley 1055 de Empresas Sociales (Law 1055 on Social Enterprises). The new Law allows workers to take over private companies they...
View ArticleEcuador: Humanitarian Support Law Enacted to Address COVID-19 Economic Emergency
(Sept. 21, 2020) The Organic Law on Humanitarian Support, enacted on June 22, 2020, declares COVID-19 an economic emergency in Ecuador and seeks to mitigate the health, economic, and social crises it...
View ArticleRussian Federation: Newly Adopted Amendments to Insolvency Law Allow Some...
(Nov. 25, 2020) On September 1, 2020, Federal Law No. 289-FZ on Amendments to the Federal Law on Bankruptcy entered into force. This law, which was signed by President of the Russian Federation...
View ArticleSwitzerland: New Amending Law Adapts Several Acts to Developments in...
(Mar. 3, 2021) On February 1, 2021, some parts of the Act to Adapt Federal Law to Developments in Distributed Ledger Technology (DLT Act) (Bundesgesetz zur Anpassung des Bundesrechts an Entwicklungen...
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