The recent insolvency for Perry Sport shows the advantageous position of banks in current insolvencies. One of the causes is the development of the collective deed of pledge, as accepted in Dix q.q./ING. How much room is left for the unsecured creditors?
New remuneration requirements have an effect on shareholders, as they hinder the use of remuneration to align the interests of executives with their own interests. This ponders the question whether he who pays the piper, still calls the tune?
Do you have a bank account? If so your position can suddenly change significantly as from next year. By the end of 2014, a large part of the rules of the Bank Recovery and Resolution Directive have to be implemented by the European Member States.