European Cross-Border Insolvency Law

2016 ◽  
Author(s):  
Reinhard Bork ◽  
Renato Mangano
Keyword(s):  
Member State ◽  
Insolvency Law ◽  
Main Interest ◽  
Significant Development ◽  
International Jurisdiction ◽  
European State ◽  
Cross Border ◽  
Insolvency Regulation ◽  
Centre Of Main Interest

This book provides a distilled and accessible analysis of the European cross-border insolvency law. With reference to the amended Insolvency Regulation (EIR) and related sources it examines the issues involved in intra-member state cross-border insolvency. The book analyses in depth the main areas of change brought about by the EIR such as the restatement of the meaning of 'centre of main interest' (COMI) and the rules on international jurisdiction, the new specific measures for multi-national enterprises, and the move towards co-operation between insolvency practitioners and courts. The EIR represents a very significant development in European insolvency law which will have an impact on all insolvencies with an international element involving a European state. All practitioners advising on the area need a clear grasp of the implications of the changes and this book aims to deliver just that.

Registrierte Gegenstände im grenzüberschreitenden Insolvenzverfahren nach der EuInsVO

2019 ◽  
Author(s):  
Isabelle Schneider
Keyword(s):  
Member State ◽  
Single Market ◽  
Insolvency Law ◽  
International Integration ◽  
Cross Border ◽  
European Insolvency Regulation ◽  
European Single Market ◽  
Insolvency Regulation ◽  
State Affect ◽  
Insolvency Proceedings

With the growing international integration of corporate activities into the European Single Market, there is also a growing number of insolvencies with cross-border implications. The European Insolvency Regulation (EIR) creates a uniform international insolvency law for this purpose. This work examines how registered assets, i.e. land, ships and aircraft, which belong to a debtor are treated in cross-border insolvency proceedings under the EIR. Essentially, the work answers the question of how insolvency proceedings opened in one EU Member State affect the debtor’s assets that are registered in another Member State and how the insolvency administrator or a secured creditor can realise them. The recent insolvencies of the airlines Air Berlin and Niki in 2017 as well as of numerous shipping funds show the relevance and topicality of this matter.

scholarly journals Cross-Border Insolvency Law in Europe: Present Status and Future Prospects

2017 ◽  
Vol 11 (1) ◽  
pp. 67
Author(s):  
Bob Wessels
Keyword(s):  
National Court ◽  
Private International Law ◽  
Insolvency Law ◽  
Legal Concept ◽  
International Jurisdiction ◽  
Cross Border ◽  
European Court ◽  
Insolvency Regulation ◽  
Insolvency Proceedings ◽  
The Eu

In May 2007 the European countries celebrated the first lustrum of the EU Insolvency Regulation (1346/2000). This article describes where Europe stands with its model which is based on well known theories of private international law for dealing with cross-border insolvencies. The EU Insolvency Regulation provides for a national court to exercise international jurisdiction to open insolvency proceedings. The basis for international jurisdiction is the debtor’s “centre of main interests” or COMI. The two most important cases decided by the European Court of Justice (17 January 2006 Staubitz Schreiber and 2 May 2006 Eurofood) are discussed. The article further analyses the regulation’s legal concept and its procedural context and explains that 'financial institutions' are not covered by the Insolvency Regulation, but by separate directives (2001/17; 2001/24). After having taken stock several suggestions are submitted for improvement of the system of cross-border insolvency in Europe.

scholarly journals A COMPARATIVE ANALYSIS OF THE UNCITRAL MODEL LAW ON CROSS-BORDER INSOLVENCY AND EU INSOLVENCY REGULATION 2017, AGAINST THE BACKGROUND OF VARIOUS SOURCES OF CROSSBORDER INSOLVENCY LAW

2017 ◽  
Author(s):  
Primrose E.R. Kurasha
Keyword(s):  
Common Law ◽  
The Other ◽  
Insolvency Law ◽  
Cross Border ◽  
Insolvency Regulation ◽  
Similarities And Differences ◽  
Model Law ◽  
Compare And Contrast ◽  
Insight Into ◽  
The Eu

In this investigation, I will compare and contrast the UNCITRAL model law on cross-border insolvency law (hereafter referred to as ‘UNCITRAL model law’) with the EU Insolvency Regulation against the backdrop of various sources or dispensations of cross-border insolvency law. In this comparison, I will highlight the similarities and differences between the two, as well as discuss the other sources in depth, as they largely inform my research. My main aim in including the other sources in this comparative study is to provide deeper insight into these two sources of international cross-border insolvency law, as provided for by academics and sages in the field of insolvency law. These other sources include legislation, common law, treaties and regional dispensations.

scholarly journals Ar egzistuoja palankesnės teisės ieškojimo galimybės bankroto bylose?

Teisė ◽  
2010 ◽  
Vol 74 ◽  
pp. 93-104
Author(s):  
Laura Kirilevičiūtė
Keyword(s):  
European Union ◽  
Member State ◽  
The European Union ◽  
International Jurisdiction ◽  
Cross Border ◽  
European Union Level ◽  
Judicial Proceedings ◽  
Legal Position ◽  
Insolvency Proceedings

Tarptautinio bankroto bylų jurisdikcijos klausimus Europos Sąjungos lygiu reguliuoja 2000 m. gegu­žės 29 d. Tarybos reglamentas (EB) Nr. 1346/2000 dėl bankroto bylų. Jame įtvirtintas vienas tarptauti­nę jurisdikciją tarptautinio bankroto bylose nulemiantis kriterijus – pagrindinių turtinių interesų vieta. Straipsnyje siekiama atsakyti į klausimą, ar pasirinktu reguliavimu yra pasiektas šio reglamento vienas iš tikslų – panaikinti teisines prielaidas galimybei bylos šalims perkelti turtą arba teismo procesą iš vienos valstybės narės į kitą ieškant palankesnės teisinės padėties. Tuo tikslu analizuojami jurisdikcijos klausimų reguliavimo ypatumai, sudarantys prielaidas palankesnės teisinės padėties ieškojimo galimybei. Jurisdiction of cross-border insolvency proceedings in the European Union level is regulated by Coun­cil regulation (EC) No 1346/2000 of 29 May 2000 on insolvency proceedings. It establishes one criterion, the place of main interests, for determining international jurisdiction in cross-border insolvency proce­edings. The article deals with the question, whether one of the aims of this Regulation, the aim to elimi­nate background for seeking to obtain a more favourable legal position by transferring assets or judicial proceedings from one Member State to another, is reached by the chosen regulation. For this purpose, peculiarities of regulating of jurisdiction, which form background for possibility to seek a more favoura­ble legal position, are analysed.

Commentary on the European Insolvency Regulation

2016 ◽  
Keyword(s):  
New Work ◽  
Insolvency Law ◽  
Cross Border ◽  
European Insolvency Regulation ◽  
Insolvency Regulation ◽  
Article Analysis ◽  
Key Features ◽  
Effectiveness And Efficiency ◽  
Insolvency Proceedings

This book provides a detailed article-by-article commentary on the recast EU Regulation on Insolvency Proceedings (EIR), written by a group of experts drawn from several European jurisdictions. The commentary is prefaced by an introductory chapter that explains the rationale for the EIR, charts the background to its enactment, and sketches its key features as originally made and as recast. The commentary that follows has been published in time to cover the long-awaited and much-debated recast Regulation which was finalised in 2015. The introduction of the recast EIR has given authors and editors the opportunity to analyse a newly drafted and modernised law, containing a highly sophisticated set of rules designed to enhance the effectiveness and efficiency of Member State insolvency laws in cross-border cases. The timing of publication will enable practitioners and scholars to equip themselves with a thorough understanding of the recast EIR ahead of full implementation in 2017. The article-by-article analysis has a multi-jurisdictional focus which reports and evaluates significant developments in the application of the Regulation across Member States. This is a key new work for all those who advise on or research European insolvency law.

ANALISIS PEMBENTUKAN ASEAN CROSS BORDER INSOLVENCY REGULATION SEBAGAI SOLUSI PERMASALAHAN KEPAILITAN LINTAS BATAS DI ASEAN

2017 ◽  
Vol 5 (1) ◽  
pp. 106
Author(s):  
Respati Damardjati ◽  
Emmy Latifah ◽  
Al. Sentot Sudarwanto
Keyword(s):  
Legal Research ◽  
Insolvency Law ◽  
Cross Border ◽  
Insolvency Regulation ◽  
Recognition And Enforcement ◽  
Model Law ◽  
The Right

<p align="center"><strong><em>Abstract</em></strong><strong></strong></p><p><em>This paper purposes to analize the idea for establishing ASEAN cross border insolvency regulation as a solution of cross-border insolvency problem in ASEAN. It is a legal research viewed from descriptive analytic. The result of this paper indicates that the absence of uniformity or harmonization of insolvency law in ASEAN region will inflict some problems which are relating to the procedure of recognition and enforcement of a foreign insolvency. The regulation as a solution of cross-border insolvency in the ASEAN region is expected to become a facilitator for resolving problems and reducing uncertainty in cross-border insolvency cases. ASEAN Cross Border Insolvency Regulations in the form of a model law is the right solution to solve the problems of cross-border insolvency in the ASEAN region.</em></p><p><strong>Keyword (s)  :       ASEAN, ASEAN <em>Cross Border Insolvency Regulation, Cross Border Insolvency</em></strong></p><p align="center"><strong>Abstrak</strong></p><p>Artikel hukum ini bertujuan untuk menganalisis gagasan pembentukan ASEAN <em>cross border insolvency regulation</em> sebagai solusi permasalahan kepailitan lintas batas di ASEAN. Jenis penelitian hukum ini adalah penelitian hukum normatif yang bersifat deskriptif. Hasil penelitian ini menunjukkan bahwa tidak adanya keseragaman atau harmonisasi hukum kepailitan di kawasan ASEAN menimbulkan permasalahan yang berkaitan dengan prosedur pengakuan dan pelaksanaan putusan kepailitan asing. Kehadiran sebuah pengaturan hukum sebagai solusi dari permasalahan kepailitan lintas batas di kawasan ASEAN sangat diharapkan untuk dapat menjadi fasilitator dalam menyelesaikan permasalahan dan dapat mengurangi ketidakpastian dalam perkara kepailitan lintas batas. ASEAN <em>Cross Border Insolvency Regulation </em>berupa <em>model law </em>merupakan solusi yang tepat dalam menyelesaikan permasalahan kepailitan lintas batas di kawasan ASEAN.</p><p><strong>Kata Kunci  : ASEAN <em>Cross Border Insolvency Regulation</em>, Kepailitan Lintas Batas </strong></p>

Centre of Main Interest (otherwise known as COMI) with Regard to the Existing Case-law of the Court of Justice of the European Union (CJEU)

2019 ◽  
pp. 196-210
Author(s):  
Lucia Gandžalová ◽  
Nikola Pacalajová
Keyword(s):  
European Union ◽  
Case Law ◽  
European Parliament ◽  
The European Union ◽  
Main Interest ◽  
International Jurisdiction ◽  
Court Of Justice ◽  
Insolvency Proceedings ◽  
Centre Of Main Interest

The centre of main interests is the key concept of Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings. Its significance lies in the fact that this concept constitutes the sole determinant for establishing international jurisdiction for the opening of the main insolvency proceedings. The paper deals with the analysis of the concept of COMI, including the presentation of the case-law of the Court of Justice of the European Union.

The law applicable to third-party effects of assignment and the conflict rules for insolvency according to EU law

2019 ◽  
Vol 24 (4) ◽  
pp. 664-684
Author(s):  
Christian Heinze ◽  
Cara Warmuth
Keyword(s):  
Case Law ◽  
Legal Framework ◽  
Third Party ◽  
Legislative Process ◽  
Insolvency Law ◽  
Ongoing Debate ◽  
Good Opportunity ◽  
Insolvency Regulation ◽  
The Law ◽  
The Eu

Abstract In March 2018, the European Commission issued its proposal for a regulation on the law applicable to third-party effects of assignments of claims, aiming to put an end to the ongoing debate on this issue and the legal uncertainty associated with it. On the basis of the Commission’s decision in favour of the application of the law of the assignor’s habitual residence, this article discusses the consequences of the Proposal under European Union (EU) insolvency law. For that purpose, the coherence of the Proposal with the Insolvency Regulation will be examined, first in general and then in more detail. The analysis comes to the result that the Commission’s objective of aligning the Proposal with the legal framework of the Insolvency Regulation has predominantly been well achieved. The authors point out remaining minor inaccuracies that may be clarified in the further legislative process or by later case law. It is concluded that, from the perspective of international insolvency law, the proposed uniform conflict-of-laws rule at the EU level offers a good opportunity to promote legal certainty with regard to cross-border assignments of claims in the future.

scholarly journals Globalized Cross-Border Insolvency Law: The Roles Played by China

2021 ◽  
Author(s):  
Zinian Zhang
Keyword(s):  
International Law ◽  
Legal Status ◽  
Private International Law ◽  
Insolvency Law ◽  
Cross Border ◽  
Recognition And Enforcement ◽  
Foreign Judgment ◽  
Judicial Assistance ◽  
First Time

AbstractThis study empirically investigates China’s participation in the globalized cross-border insolvency collaboration system. It is the first time for the development of China’s cross-border insolvency law to be examined against the background of private international law on foreign judgment recognition and enforcement. The findings of this article reveal that foreign bankruptcy representatives face considerable difficulties in satisfying the treaty and reciprocity requirements when seeking judicial assistance from China, and that local protectionism in favour of China’s state-owned and state-linked companies undermines foreign bankruptcy representatives’ confidence in approaching China’s courts for support. Although there are several court recognitions of foreign bankruptcy judgments in China, this article finds that they are only used to acknowledge the legal status of foreign bankruptcy representatives to meet the demands of government authorities; Chinese courts have not taken a substantial step in recognizing a foreign bankruptcy judgment so as to bar individual creditors’ action in the interest of a foreign bankruptcy proceeding. On the contrary, for Chinese bankruptcy representatives seeking assistance abroad, they could take advantage of the liberal judicial infrastructure, especially of some advanced jurisdictions, to obtain recognition and relief.

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