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Member Articles


Stabilization Proceedings in Bulgaria – Second Chance For Businesses With Financial Difficulties

With the latest changes in the Bulgarian Commerce Act, promulgated on December 2016, a complete new set of business stabilization proceedings were created, which are regulated in the amended Fifth part of the Act.The afo ...

Changes in the Field of Bankruptcy – To More Efficient and More Secure Bankruptcy Proceedings in Bulgaria

On 22 December 2016 the last changes in the Commerce act were adopted. Among them are also the amendments of the bankruptcy proceedings legislation and the creation of completely new proceedings –business stabilization ...

The effects of judicial reorganisations on the accelerated maturity of company debts in Brazil

Due to present political and economic circumstances in Brazil, the number of judicial reorganisation requests has considerably increased in the past few years. As a result, courts have been tested on a number of issues a ...

Concordat as an Alternative to Suspension of Bankruptcy

Contact: Fatih Isik Introduction As per the state of emergency declared in the Republic of Turkey on July 20th, 2016, and under Article 4 of Decree Law numbered 669 and dated 31.07.2016, corporations are prohibite ...

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