The position of contracting parties, relief and other measures

Transferred to Financial Restructuring & Recovery: what now?

Eliminating the right to a cash-out for banks indisputably represents a major and remarkable change to the CERP Act.

What a cooling-off period means for pledge and mortgage holders.

Where previously a composition required the approval of all the creditors, and a single creditor could block the restructuring efforts, this changes..

The CERP Act also contains a customised relief mechanism.

The risks of claims for fraudulent conveyance

The purpose of a cooling-off period is to give a debtor facing financial difficulties the opportunity to give shape to the restructuring efforts.

With the dispute resolution mechanism, it becomes possible to clear up disputes and disagreements.