Orrick's Founder Series offers monthly top tips for UK startups on key considerations at each stage of their lifecycle, from incorporating a company through to possible exit strategies. The Series is written by members of our...more
First Circuit Rules Bankruptcy Code Preempts Puerto Rico's Recovery Act -
On Monday, July 6, the Court of Appeals for the First Circuit affirmed the February 6, 2015 order and injunction of the Puerto Rico District...more
7/23/2015
/ Attorney's Fees ,
Bankruptcy Code ,
Bonds ,
Capital Controls ,
Distressed Debt ,
Emerging Markets ,
EU ,
Eurozone ,
Greece ,
Insolvency ,
Municipal Bankruptcy ,
Oil & Gas ,
Preemption ,
Puerto Rico ,
Reclamation ,
Restructuring ,
SCOTUS
The result of Sunday’s (5 July 2015) referendum which rejected the latest proposed bailout by the European authorities was unequivocal. The next steps in this crisis are far less clear, ranging from a swift renegotiation of...more
7/8/2015
/ Bailout ,
Bank Recovery and Resolution Directive (BRRD) ,
Banks ,
Capital Controls ,
Capital Markets ,
Continuing Resolution ,
European Central Bank ,
European Stability Mechanism ,
Eurozone ,
Greece ,
Liquidation ,
Referendums ,
Restructuring
Following the recent event over the weekend (27/28 June 2015), we set out below a short guide on the current status in Greece.
Background -
Months of negotiations on a deal to restructure Greece’s debts appear...more