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Under the existing legal regime, the main procedures of reorganisation and rehabilitation for companies in financial difficulties include schemes for compromise, arrangements and reconstruction under the Companies Act 1956, or revival and rehabilitation under the Sick Industrial Companies (Special Provisions) Act 1985 (SICA).

Below you will find quick links to the findings of our 2015 guide to Energy and infrastructure research.

Gilbey Strub of the Association for Financial Markets and Carter McDowell of the Securities Industry and Financial Markets Association discuss global bank resolution and recovery initiatives

Bankruptcy is regulated by articles 437 to 592 of the Commercial Code. Bankruptcy may be initiated by the debtor itself, by the public prosecutor or by a creditor. The procedure applies to a debtor who meets both of the following criteria: (i) not being able to pay due debts; and (ii) not being able to raise credit. The Commercial Chamber of the District Court (court) will appoint a bankruptcy trustee in charge of the bankruptcy and a judge to supervise the proceedings on granting the petition. Its aim is to realise the debtor's assets and pay the creditors through the recovered assets.

Only one formal collective insolvency procedure exists under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (the Act): liquidation.

A bespoke structured finance deal out of Germany last month suggests the resurrection of Europe’s securitisation market is well underway, and that it is diversifying away from the traditional ABS model

The long-awaited finalisation of Regulation A offers another option for small companies in the US and Canada to step up slowly into the public market

The write-down terms for AT1s are becoming standardised in Asia’s two largest jurisdictions, according to Fitch

The first Australian dollar term loan B tranche highlights the country’s superannuation funds’ search for yield

IFLR is polling readers on how financial regulators should tackle cyber security risks. All votes and comments are anonymous