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Rescue and Restructuring (R&R) Guidelines – Thoughts and Comments on the Commission’s Draft

Hans Arno Petzold

I. Introduction Enterprises, undertakings, economic entities, large or small, may from time to time face financial difficulties leading to staff reductions, production site shut-downs, even insolvency, and finally total bankruptcy. As a result, jobs, investments, loans, and often know-how and technological competence are lost, guarantees have to be drawn, a region may be bereaved of its economic centre and face further losses to follow. In general, th


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