In Berlusconi and Fininvest v. Banca d’Italia, the CJEU held that within the framework of the SSM, national draft decisions preceding a final ECB decision are subject to ‘single judicial review’ at the EU Courts, precluding national jurisdiction.
In summer 2018 UNCITRAL adopted a new model law on recognition and enforcement of insolvency-related judgments. Filling a gap in international insolvency law, it should make cross-border insolvency resolution more expedient, predictable and efficient.
China has potentially found a solution to its extraordinary debt problem: regulating the shadow banking sector. However, one consequence of this is the ability of the shadow banking sector to migrate its activities back into the shadows.