Let’s revisit the aftermath of the 2007-2008 financial crisis. Credit institutions faced a pressing challenge: unloading their massive non-performing loan (NPL) portfolios. Our legal team consistently assisted these institutions, clarifying possibilities, limitations, and crucially, what purchasers could not achieve. Surprisingly, the NPL market remained unregulated until now. Renate Prinz provides an overview on the new regulation on Non-Performing Loans in FinExtra and answers the following questions:

• What are NPLs?
• What is the NPL Directive?
• What are the credit servicer obligations?
• What are the NPL purchaser obligations?
• How is the regulation handled?
• How will new regulation change the NPL environment?
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