Publication
Greece
The applicable legislation establishing a national screening mechanism for foreign direct investments (FDI) and implementing Regulation (EU) 2019/452 in Greece is Law 5202/2025, which was adopted on 22 May 2025 (Greek FDI Law).
International Restructuring Newswire
Q2 | 2022
To our clients and friends
As we go to press, the war in Ukraine continues. Russia is unrelenting in continuing its brutal military campaign that has left cities in ruin and forced millions to flee their homes. Here at Norton Rose Fulbright we stand unequivocally behind the people of Ukraine and have made the decision to wind down our operations in Russia and to close our Moscow office.
Putin's war against Ukraine has created a whole new set of risks for the global economy that was already facing challenges created by the deadly COVID-19 pandemic. The pandemic impaired global supply chains and led to soaring transport costs. Now, disruptions from the war are stoking global inflation, with soaring prices for oil and food and rising interest rates. This has led forecasters to sharply lower their estimates of economic growth this year. William Dudley, a former president of the Federal Reserve Bank of New York, has gone so far as to suggest that a recession is "virtually inevitable." Whether Dudley is correct remains to be seen—economists are notoriously terrible at predicting recessions.
With such global instability, those of us in the restructuring community would be well advised to stay current on all of the recent developments and changes in the restructuring environment around the world. In this issue, my colleagues from the United States, Singapore, Canada, Australia, Italy and the Netherlands provide you with these critical updates.
- Recent case law developments in Singapore’s restructuring and insolvency laws show balancing between pro-rehabilitation policies and pro-creditor policies
- Year in review: Significant US Chapter 15 decisions in 2021
- The Dutch Scheme (WHOA) in practice: First two large restructuring plans confirmed by the Dutch Courts
- Harte Gold: Reverse Vesting Orders to be used for necessity and not mere convenience
- Additional help for companies in crisis: Italian legislature amends and extends COVID-19 relief
- Public examination powers by private parties significantly increased by High Court of Australia
Stay well,
Howard Seife
Global Head
Bankruptcy, Financial Restructuring and Insolvency
Visit our Zone of Insolvency blog where you can subscribe to receive the latest news and trends in bankruptcy and financial restructuring and insolvency.
Recent publications
Publication
UK Department for Transport publishes maritime strategy
The UK Government’s Department for Transport (the DfT) has published its Maritime Decarbonisation Strategy, setting out its plan for decarbonising maritime and new decarbonisation goals for the UK domestic maritime sector.
Publication
UK Supreme Court provides clarification on charterers’ liability limit under the 1976 Limitation Convention
On 9 April 2025, in MSC Mediterranean Shipping Company SA v Conti 11 Container Schiffahrts-GmbH & Co KG MS “MSC Flaminia”, the UK Supreme Court held that a charterer can in principle limit its liability under the 1976 Limitation Convention (the Convention) for a claim brought by the owner.
Subscribe and stay up to date with the latest legal news, information and events . . .