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EC Releases Consultation on Secondary Markets for Non-Performing Loans and Distressed Assets

The European Commission has issued a public consultation on the development of secondary markets for non-performing loans and distressed assets and protection of secured creditors from borrowers’ default. The Commission is seeking feedback regarding a possible legislative initiative to strengthen the ability of creditors to recover value from secured loans to corporates and entrepreneurs. More specifically, the Commission is proposing a new security right called "accelerated loan security".

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