News
SELIH & PARTNERJI Contributes to Chambers 2021 Insolvency Global Practice Guide
November 2021
SELIH & PARTNERJI's partner Blaz Ogorevc and associate Lenart Kmetic have contributed to the Slovenian chapter of the Chambers & Partners 2021 Insolvency Global Practice Guide.
The guide provides the legal and non-legal professionals with expert legal commentary on the key insolvency and restructuring issues for businesses, such as various types of voluntary and involuntary restructurings, reorganisations, insolvencies and receiverships; out-of-court restructurings and consensual workouts; secured and unsecured creditor rights; international/cross-border issues and processes;…
SELIH & PARTNERJI Law Firm Contributes to the Chambers and Partners' 2020 Insolvency Global Practice Guide
Chambers & Partners have published their 2020 Insolvency Global Practice Guide.
New Consolidated Insolvency Draft Law to be Presented Shortly to the Parliament in Greece
Following preparation during the last several months, a new draft bill has been put in public consultation in September 2020.
Serbia Invites Bids for EUR 1.82 billion NPL Portfolio
Serbia's Deposit Insurance Agency has invited bids for the sale of a non-performing loan (NPL) portfolio of EUR 1.82 billion, was announced by the Finance Ministry.
Investors can submit letters of interest by 8 November 2019 and the deadline for placing non-binding bids expires on 2 December 2019. The deadline for submission of binding offers is 15 April 2020.
The Joint Venture and the Insolvency of the Leader
In this article, NNDKP Partner Radu Damaschin discusses the concepts of joint venture and insolvency under Romanian Law.
COVID-19
Additional Amendments related to Slovenian Mandatory Moratorium on Banks Loans
On 13 May 2020, the Government of the Republic of Slovenia issued a decree on the implementation of the sureties for loans, which are subject to the moratorium.
If the Economic Relief Measures Implemented by the Romanian State Do Not Suffice, What to Do Next?
Authors: Mirela Preda and Emanuel Flechea, NNDKP
Same as most of the states where the SARS-CoV-2 crisis emerged, Romania has adopted a quite extensive package of measures meant to sustain the shaken economy pending the cease of the emergency state. In this context, the Romanian Government regulated and is still implementing certain specific measures for easing the economic burden on companies during the state of emergency.
However, in the situation in which companies directly or indirectly impacted by the current state of play still face financial difficulties, irrespective of the support schemes…
Amendments of the Provisional Measures Concerning Judicial, Administrative and other Public-Law Affairs
With the intention of gradually restoring normal operation of courts and administrative bodies while continuing to prevent the spread of COVID-19, the Parliament of the Republic of Slovenia on 28 April 2020 adopted the Act on Amendments of the Act on Provisional Measures, with which it aims to alleviate some of the measures adopted in the judicial and administrative field.
Additional Amendments related to Slovenian Mandatory Moratorium on Banks Loans
On 28 April 2020, the Slovenian Parliament adopted the Law Amending the Act on Intervention Measures for Suppression of COVID-19 Epidemic and Mitigation of its Consequences for Citizens and the Economy, which includes certain amendments of the sureties for loans, which are subject to the moratorium under the ZIUOPOK, as well as amendments of certain additionally adopted measures concerning enforcement and bankruptcy procedures which are important for creditors and debtors.
COVID-19: Intervention Measures to Support the Slovenian Economy
On 21 April 2020, the Slovenian Government proposed the amendments to the Act on Intervention Measures for Suppression of COVID-19 Epidemic and Mitigation of its Consequences for Citizens and the Economy as adopted by the Slovenian Parliament on 3 April 2020.
A New Wave of Insolvencies? Possible Preventive Restructuring Measures in the Implementation of the European Directive on Preventive Restructuring
This legal analysis focuses on the typical case of a company that although it is not directly targeted by the measures established in order to prevent the spreading of the novel coronavirus, it still registers a decrease of demand, of the level of proceeds and of the production of goods and services.
Continuing the Business under State of Emergency – Interacting with the Romanian Trade Registry
Decree no. 195/2020 instituting a state of emergency is effective as of 16 March 2020 and substantially impacts not only the day-to-day life but the businesses too.Closely related to the businesses, the Trade Registry continues to function in a way protecting the public health: Article 45 of the Decree set forth that the communication with the public and the procedure shall be performed by using electronic means.
