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Richard Tett, David Trott and Katharina Crinson of Freshfields Bruckhaus Deringer LLP consider the proposal for an EU directive on credit servicers, credit purchasers and the recovery of collateral. The proposal forms part of the EU’s Capital Markets Union and the Banking Unions’ focus to reduce the number of non-performing loans (NPLs). This focus has now gained some real momentum with the publication by the European Commission of a comprehensive package of both binding and non-binding measures.
On 14 March 2018, the European Commission published a comprehensive package of measures to target non-performing loans (NPLs) comprising four key areas:
More specifically, the package includes different binding and non-binding initiatives:
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Anna joined the Restructuring and Insolvency team at Lexis®PSL in August 2013 from Berwin Leighton Paisner where she was a senior associate in the Restructuring Team.
Anna has worked on a number of large scale restructurings primarily in the UK market acting on behalf of lending institutions.
Recent transactions include the restructuring of a UK hotel chain and the administration sale of part of the Connaught group. Anna has also spent time on secondment at The Royal Bank of Scotland and trained at Clifford Chance qualifying in 2007.
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