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Enforcing Security over Real Estate and Shares across Europe

We are delighted to present the CMS Guide to Enforcing Security over Real Estate and Shares across Europe. It is aimed primarily at investors in nonperforming loans that are secured against real estate but the points covered will apply equally to existing lenders and also to debtors.

This Guide considers the following in 24 different jurisdictions in Europe:

  • a secured lender’s main options for enforcing security over the real estate interest;
  • a secured lender’s main options for enforcing over shares in the owner of the real estate interest; and
  • the typical costs and timing of each option.

This Guide assumes that:

  • all security is valid;
  • all security is granted by companies incorporated in the relevant jurisdiction (or if incorporated elsewhere, the company can be made subject to any local insolvency or other enforcement proceeding, whether as a result of its ‘centre of main interest’ or COMI being in the relevant jurisdiction or otherwise); and
  • the debtor is in default under the applicable finance documents such that the security has become enforceable.

The information in this Guide is a summary and indicative only. It is not legal advice and is not to be relied upon for any investment decisions.

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Guide
Enforcing Security over Real Estate
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PDF 3.6 MB

Authors

Portrait ofAlexander Rakosi
Alexander Rakosi
Partner
Vienna
Portrait ofPierre-Axel Chabot
Pierre-Axel Chabot
Partner
Brussels
Portrait ofGentscho Pavlov
Gentscho Pavlov
Partner
Sofia
Portrait ofAna Radnev
Ana Radnev
Partner
Bucharest
Portrait ofMartin Brown
Martin Brown
Partner
London
Portrait ofAlexandre Bordenave
Alexandre Bordenave
Partner
Paris
Portrait ofMarc Riede
Dr. Marc Riede
Partner
Hamburg
Portrait ofErika Papp
Erika Papp
Managing Partner
Budapest
Portrait ofPaolo Bonolis
Paolo Bonolis
Partner
Rome
Portrait ofVivian Walry
Vivian Walry
Partner | Avocat à la Cour
Luxembourg
Portrait ofEduard Scheenstra
Eduard Scheenstra
Partner
Amsterdam
Portrait ofSian Aitken
Sian Aitken
Partner
Edinburgh
Portrait ofMilica Popović
Milica Popović
Partner
Belgrade
Portrait ofHelen Rodwell
Helen Rodwell
Managing Partner
Prague
Portrait ofJuan Ignacio Fernández Aguado
Juan Ignacio Fernández Aguado
Partner
Madrid
Marco Lacaita
Małgorzata Chruściak
Simon Dayes
Konstantin Baranov
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