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Update to EU Insolvency Lists

Summary

This report concerns a proposal to update the lists of insolvency proceedings and practitioners within the EU's insolvency framework. It primarily addresses changes necessitated by Polish law reforms and clarifies the legal status of the UK and Ireland regarding these updates.
10 03.03.2017
Other
economy
civil law
european union
administrative law
business and competition

Key points

  • Updating the official EU-wide lists of recognized insolvency proceedings and professionals.
  • Aligning European recognition with recent substantial reforms to restructuring laws in Poland.
  • Clarifying that the United Kingdom will participate in the adoption and application of these updated rules.
  • Specifying that Ireland will not be bound by this specific regulation, following its existing legal protocols.
Documents (PDFs)
REPORT on the proposal for a regulation of the European Parliament and of the Council replacing the lists of insolvency proceedings and insolvency practitioners in Annexes A and B to Regulation (EU) 2015/848 on insolvency proceedings Insolvency proceedings and insolvency practitioners ***I
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