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Part B Merger, Reorganization, and Insolvency of Banks, 12 Cross-Border Reorganization and Winding Up of Banks

From: The Law and Practice of International Banking (2nd Edition)

Charles Proctor

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 01 February 2023

Bank resolution and insolvency — Bank supervision — Credit risk

This chapter focuses on the Directive of the European Parliament and of the Council on the Reorganisation and Winding up of Credit Institutions. It discusses the scope of the Directive; the impact of the Directive in the context of the reorganization or winding up of an EU credit institution; the consequences of the Directive in relation to the insolvency of institutions established outside the European Economic Area (EEA); and the assistance which the English courts may provide to the liquidator or receiver of a foreign financial institution.

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