Harmonisation of insolvency laws has been at the top of the EU institutions’ agenda for the last decade. This frenzy precipitated in the aftermath of the Global Financial Crisis. European institutions have been prolific in creating a comprehensive EU-wide framework

The COVID-19 crisis, which hit the world with full force in 2020, represents one of the greatest health and economic crises in recent history. The pandemic paralysed the world economy, forcing many countries around the globe to take emergency measures. Countries’ emergency responses to the...

This paper aims to investigate the linkage between ESG performance and the impact of the COVID-19 pandemic on the stock performance of listed firms in Europe. We base on the Eurostoxx 600 index to select firms with available MSCI ESG Rating data and Sustainalytics ESG Ranking data, collected...

The PRD has introduced a number of concepts that are new and untested throughout much of the EU. While the concepts themselves are not unfamiliar, many of the new provisions have created a field of controversy and debate among academics, practitioners, and policy makers as legislators begin to...

In 2009, Prof. Em. Bob Wessels and Dr. Myriam Mailly took the initiative to establish the Younger Academics Network of Insolvency Law (YANIL). It is a branch of the INSOL Europe Academic Forum (IEAF) which brings together postgraduate and PhD students along with early career academics. The...

The interplay between economic and social policies has ever been best by the tensions between competing values: capital versus labour. Insolvency law is an intersection between capital and labour, along with a number of other interests, which makes finding common ground between different...

The pending spectre of Brexit and its impact on Europe and the United Kingdom (UK) along with the political uncertainty of a major world power in turmoil following the 2016 United States elections, calls into question the path that many social and economic policies may take in the future. The...

The pending spectre of Brexit and its impact on Europe and the United Kingdom (UK) along with the political uncertainty of a major world power in turmoil following the 2016 United States elections, calls into question the path that many social and economic policies may take in the future. The...

Covenants are a type of contractual protection for creditors in debt financing. They are used in bond contracts to control the issuer's management activity and to attenuate conflicting goals existing between shareholders and bondholders. The article provides an overview of covenants and the way...

The new regulatory framework imposes an increase in capital requirements for banks. Although core capital (equity) is more expensive than other liabilities (debt), it strengthens banks' stability and improves its loss-absorbing capacity. In this paper, we investigate the link between...