Cross-border insolvency law in the EU

21-02-2013

Currently, insolvency law is not harmonised at EU level. However, the Insolvency Regulation, adopted in 2000, lays down the rules on jurisdiction, recognition and applicable law in the field in respect of cross-border insolvency. The Commission has recently proposed its reform.

Currently, insolvency law is not harmonised at EU level. However, the Insolvency Regulation, adopted in 2000, lays down the rules on jurisdiction, recognition and applicable law in the field in respect of cross-border insolvency. The Commission has recently proposed its reform.