1 An Effective Insolvency Framework Within the EU? - Tom Vickers & Megan Sparber, Slaughter and May 12 Developments in Directors' Duties under English Law - Alicia Videon & Louise Bell, Olswang LLP 43 Liability Management as a Restructuring Tool - Chris Beatty, Sullivan & Cromwell LLP 104 Fund Lenders: Potential New Challenges for the Next Wave of Loan Restructuring Transactions - Jat Bains & Paul Keddie, Macfarlanes LLP 165 Australia Gilbert + Tobin: Dominic Emmett & Alexandra Whitby 216 Austria Schindler Rechtsanwalte GmbH: Martin Abram & Florian Cvak 287 Belgium Strelia: Bart De Moor 338 Bermuda Sedgwick Chudleigh Ltd.: Alex Potts & Nick Miles 399 Brazil Pinheiro Neto Advogados: Luiz Fernando Valente de Paiva & Andre Moraes Marques 4810 Bulgaria Yonev Valkov Nenov: Todor Nenov & Pavel Tsanov 5311 Canada Thornton Grout Finnigan LLP: Leanne M. Williams & Michael Shakra 5912 Cayman Islands Campbells: Guy Manning & Guy Cowan 6613 Cyprus Soteris Flourentzos & Associates LLC: Soteris Flourentzos & Evita Lambrou 7214 Denmark Gorrissen Federspiel: John Sommer Schmidt & Morten L. Jakobsen 7915 England & Wales Slaughter and May: Tom Vickers & Megan Sparber 8516 Finland Roschier, Attorneys Ltd.: Toni Siimes & Tuomas Koskinen 9217 France Bredin Prat: Nicolas Laurent & Olivier Puech 9818 Germany Hengeler Mueller Partnerschaft von Rechtsanwalten mbB: Dr. Ulrich Blech & Dr. Martin Tasma 10419 Hong Kong Gall: Nick Gall & Ashima Sood 11220 India Dhir & Dhir Associates: Nilesh Sharma & Sandeep Kumar Gupta 11721 Indonesia Ali Budiardjo, Nugroho, Reksodiputro: Theodoor Bakker & Herry N. Kurniawan 12422 Italy BonelliErede: Vittorio Lupoli & Lucio Guttilla 12923 Japan Nishimura & Asahi: Yoshinori Ono & Hiroshi Mori 13724 Kazakhstan GRATA Law Firm LLP: Marina Kahiani & Shaimerden Chikanayev 14325 Korea Kim & Chang: Chiyong Rim & Jin Yeong Chung 15326 Montenegro Bojovic&Partners: Marija Bojovic & Milos Radonjic 15827 Norway Kvale Advokatfirma DA: Stine D. Snertingdalen & Ingrid E. S. Tronshaug 16528 Poland Kubas Kos Galkowski: Dominik Galkowski & Konrad Trzaskowski 17129 Puerto Rico Ferraiuoli LLC: Sonia Colon & Gustavo A. Chico-Barris 17730 Russia INFRALEX: Artem Kukin & Stanislav Petrov 18231 Serbia Bojovic&Partners: Marija Bojovic & Milomir Matovic 18832 South Africa Brian Kahn Inc.: Brian Kahn & Nicqui Galaktiou 19633 Spain Uria Menendez: Alberto Nunez-Lagos Burguera & Angel Alonso Hernandez 20234 Sweden White & Case LLP: Carl Hugo Parment & Michael Gentili 21235 Switzerland Lenz & Staehelin: David Ledermann & Tanja Luginbuhl 21836 USA Paul, Weiss, Rifkind, Wharton & Garrison LLP: Alan W. Kornberg & Elizabeth R. McColm 226