10 December 2014
The process to update and extend the existing European Regulation on Insolvency Proceedings (EUIR) was commenced almost 2 years ago to the day, now the final text for the Amended Regulation has been published. The final text is the result of much wrangling between the EU Commission, the Council of the EU, and the EU Parliament as to what form and how far the amendments should go. There has also been much lobbying by Member States to get the amendments to address their individual concerns regarding cross border insolvency cases and ensure that there is a level playing field.
Final text for the Amended EU Regulation on Insolvency proceedings