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2021-12-doc4 In 2022 the EU takes a new step in harmonizing corporate insolvency

Last week in November 2021, the EU Commission published a Communication with a set of intended measures, responding to a number of action points identified under its Capital Markets Union (CMU) 2.0 Action Plan. This Plan was published in September 2020. See COM(2021) 720 final. The Commission wishes to tackle problems across a broad range of capital market services to… Read More »2021-12-doc4 In 2022 the EU takes a new step in harmonizing corporate insolvency

2021-12-doc3 Cross-border insolvency law in India

Would you like to think along with me and provide input in order to contribute to the draft text for the 5th edition of Wessels International Insolvency Law part I? For the idea behind this ‘deliberate public participatory drafting process’, see my blog of last week, at https://bobwessels.nl/blog/2021-12-doc1-book-on-international-insolvency-law-your-input-needed/. This first blog focuses on (legislative) developments in some 30 countries (outside… Read More »2021-12-doc3 Cross-border insolvency law in India

2021-12-doc2 Time is ripe for a European Code of Conduct for Creditors’ Committees

In a forthcoming article, with the title ‘Towards a European Code of Conduct for Creditors’ Committees‘ I argue that it is timely and necessary that a non-binding code of conduct should be drafted and used to establish a culture of trust building workout negotiations amongst repeat players (like banks, suppliers, union representatives, insurers etc.). The article will by published in… Read More »2021-12-doc2 Time is ripe for a European Code of Conduct for Creditors’ Committees

2021-12-doc1 Book on International insolvency Law – Your input needed

Alongside some other activities, I have been working on the 5th edition of Wessels International Insolvency Law Part I. It has the subtitle ‘Global Perspectives on Cross-Border Insolvency Law’, geographically covering the ‘whole world’, besides Europe. Part II covers ‘European Insolvency Law’. Both books are published by Wolters Kluwer. For the new 5th edition of Part I (the 4th edition… Read More »2021-12-doc1 Book on International insolvency Law – Your input needed

2021-11-doc3 Capital markets Union (CMU) & Insolvency – the odd couple

Last week, on 25 November 2021, the EU Commission published a Communication with a set of intended measures, responding to a number of action points identified under its Capital Markets Union (CMU) 2.0 Action Plan. This Plan was published in September 2020. See COM(2021) 720 final. The Commission wishes to tackle problems across a broad range of capital market services… Read More »2021-11-doc3 Capital markets Union (CMU) & Insolvency – the odd couple

2021-11-doc2 Was Rembrandt involved in cross-border insolvency issues?

Rembrandt (1606-1669) is seen as one of the greatest Dutch Golden Age painters. Was Rembrandt involved in cross-border insolvency matters? Research shows there are traces of commissions coming from outside Holland and indeed, financial distress surrounded him in the first half of the 1650s. In 1656 he went ‘bankrupt’, that is to say, Rembrandt voluntarily (no creditors chasing him) requested… Read More »2021-11-doc2 Was Rembrandt involved in cross-border insolvency issues?

2021-11-doc1 Rembrandt’s Money book – out now!

Lidewij de Koekkoek, director of The Rembrandt House Museum in Amsterdam, received on 15 November 2021 the first copy of my book ‘Rembrandt’s Money. The legal and financial life of an artist-entrepeneur in 17th century Holland’. Via my blog readers have travelled along with my journey with over twenty blogs the last three years (https://bobwessels.nl/tag/rembrandt/) and I am pleased the… Read More »2021-11-doc1 Rembrandt’s Money book – out now!

2021-10-doc3 Rembrandt’s Money (nearly there) – Arbitration in his day?

Since July, every fortnight, I published dribs and drabs from my forthcoming book ‘Rembrandt’s Money’. The legal and financial life of an artist-entrepreneur in 17th century Holland. See https://bobwessels.nl/blog/2021-07-doc6-rembrandts-money-forthcoming/. In that same month I explained what the book covers and what it does not, see https://bobwessels.nl/blog/2021-07-doc10-rembrandts-money-forthcoming-wysiwyg-and-opposite/. Now a short piece on trade law and arbitration. Trade law One of the… Read More »2021-10-doc3 Rembrandt’s Money (nearly there) – Arbitration in his day?

2021-10-doc2 Rembrandt’s Money (forthcoming) – Rembrandt’s ‘bankruptcy’

The eye of the financial storm around Rembrandt concerns his ‘bankruptcy’, another episode covered in my forthcoming book ‘Rembrandt’s Money. The legal and financial life of an artist-entrepreneur in 17th century Holland’ (see https://bobwessels.nl/blog/2021-07-doc6-rembrandts-money-forthcoming/ and subsequent blogs since). In July 1656, Rembrandt requested a court to grant him ‘cessio bonorum’. The historic roots and the 17th century meaning of cessio… Read More »2021-10-doc2 Rembrandt’s Money (forthcoming) – Rembrandt’s ‘bankruptcy’

2021-10-doc1 Rembrandt’s Money (forthcoming) – 4 October, a day to remember

For Rembrandt addicts, 4 October is a prominent date. In the Register of Deaths of the Westerkerk it is recorded: ‘On 4 October 1669 [my] cousin, Rembrant van Rhijn, painter died (‘den 4 8b[er] is overleeden neeff Rembrant van Rhijn schilder’). The date of his passing away is given in a note by a relative of Rembrandt, Nicolaes Sebastiaensz Vinck.… Read More »2021-10-doc1 Rembrandt’s Money (forthcoming) – 4 October, a day to remember