On Thursday 4 October, the European Banking Federation (EBF) sounded the alarm over the anticipated negative impact on future lending of the recent Austrian proposed compromise on new corporate insolvency rules (see EUROPE 11673).
In a letter to the President of the Commission and representatives of the Austrian Presidency, the organisation proffers a final warning, stressing that the duration of the temporary suspension of procedures (set at four months, with the possibility to extend up to...