Distressed Investment in Europe in a Time of Statutory Change

, New York Law Journal


M. Natasha Labovitz, Antoine d'Ornano and Shannon M. Kahn of Debevoise & Plimpton discuss recent insolvency changes in Germany, France, Spain and Italy and the impact these reforms could have on Euro-zone investment, pointing out that the changes appear to show a growing desire on the part of European governments to facilitate business restructurings rather than structurally favoring liquidation of troubled businesses.

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