European Perspective In Brief

Europe has struggled mightily during the last several years to triage a long series of critical blows to the economies of the 28 countries that comprise the European Union, as well as the collective viability of eurozone economies. Here we provide a snapshot of some recent developments regarding insolvency, restructuring, and related issues in the EU. The NetherlandsOn July 11, 2013, the Enterprise Chamber of the Amsterdam Court of Appeal handed down a highly anticipated ruling regarding the compensation offered by the Dutch Minister of Finance in relation to the expropriation by the Dutch state of shares and subordinated debt issued by the SNS Reaal Group ("SNS"). The February 1, 2013, nationalization of SNS was the first-time...