European insolvency regulation : a commentary / edited by Alexander Bornemann, Moritz Brinkmann and Michael Dahl.

Format:

Book

Contributor:

Bornemann, Alexander, editor.

Brinkmann, Moritz, editor.

Dahl, Michael (Attorney), editor.

Language:

English

Subjects (All):

Bankruptcy--Europe.

Bankruptcy.

Debtor and creditor--Europe.

Debtor and creditor.

Physical Description:

1 online resource (608 pages).

Edition:

First edition.

Distribution:

London : Bloomsbury Publishing, 2020

Place of Publication:

München, Germany : C.H. Beck ; 2020.

Summary:

"The new European Insolvency Regulation (Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings) has come into effect on 26 June 2017 for insolvency proceedings that are opened on or after that date. The Recast Regulation reforms the EC Regulation (1346/2000) on insolvency proceedings. The main changes of the Regulation are: The extension of its application to preventive insolvency proceedings; The creation of publicly accessible online insolvency registers; The possibility of avoiding the opening of multiple proceedings and preventing 'forum shopping'; The introduction of new procedures with the aim of facilitating cross-border coordination and cooperation between multiple insolvency proceedings in different Member States relating to members of the same group of companies. In this book a team of experienced insolvency law experts, among them judges, insolvency practitioners and academics, analyse the European Insolvency Regulation article by article. The authors focus on the new provisions and mechanisms as well as on the existing, and to a great extent still relevant, case law by the European Court of Justice and courts of the Member States."--Bloomsbury Publishing.

Contents:

Introduction

Regulation (EU) 2015/848 of the European Parliament and of the Council - Recitals

Chapter I General Provisions Article 1. Scope

Article 2. Definitions Article 3. International jurisdiction Article 4. Examination as to jurisdiction

Article 5. Judicial review of the decision to open main insolvency proceedings Article 6. Jurisdiction for actions deriving directly from insolvency proceedings and closely linked with them

Article 7. Applicable law Article 8. Third parties' rights in rem5 Article 9. Set-off

Article 10. Reservation of title

Article 11. Contracts relating to immoveable property

Article 12. Payment systems and financial markets

Article 13. Contracts of employment Article 14. Effects on rights subject to registration Article 15. European patents with unitary effect and Community trade marks

Article 16. Detrimental acts Article 17. Protection of third-party purchasers

Article 18. Effects of insolvency proceedings on pending lawsuits or arbitral proceedings

Chapter II Recognition of Insolvency Proceedings Article 19. Principle Article 20. Effects of recognition Article 21. Powers of the insolvency practitioner

Article 22. Proof of the insolvency practitioner's appointment Article 23. Return and imputation

Article 24. Establishment of insolvency registers

Article 25. Interconnection of insolvency registers Article 26. Costs of establishing and interconnecting insolvency registers Article 27. Conditions of access to information via the system of interconnection

Article 28. Publication in another Member State Article 29. Registration in public registers of another Member State

Article 30. Costs

Article 31. Honouring of an obligation to a debtor

Article 32. Recognition and enforceability of other judgments

Article 33. Public policy

Chapter III Secondary Insolvency Proceedings Article 34. Opening of proceedings Article 35. Applicable law Article 36. Right to give an undertaking in order to avoid secondary insolvency proceedings Article 37. Right to request the opening of secondary insolvency proceedings Article 38. Decision to open secondary insolvency proceedings.

Article 39. Judicial review of the decision to open secondary insolvency proceeding

Article 40. Advance payment of costs and expenses Article 41. Cooperation and communication between insolvency practitioners

Article 42. Cooperation and communication between courts Article 43. Cooperation and communication between insolvency practitioners and courts

Article 44. Costs of cooperation and communication

Article 45. Exercise of creditors' rights Article 46. Stay of the process of realisation of assets Article 47. Power of the insolvency practitioner to propose restructuring plans Article 48. Impact of closure of insolvency proceedings

Article 49. Assets remaining in the secondary insolvency proceedings Article 50. Subsequent opening of the main insolvency proceedings

Article 51. Conversion of secondary insolvency proceedings

Article 52. Preservation measures

Chapter IV Provision of Information for Creditors and Lodgement of their Claims Article 53. Right to lodge claims Article 54. Duty to inform creditors

Article 55. Procedure for lodging claims

Chapter V Insolvency Proceedings of Members of a Group of Companies Section 1. Cooperation and communication Article 56. Cooperation and communication between insolvency practitioners

Article 57. Cooperation and communication between courts Article 58. Cooperation and communication between insolvency practitioners and courts

Article 59. Costs of cooperation and communication in proceedings concerning members of a group of companies

Article 60. Powers of the insolvency practitioner in proceedings concerning members of a group of companies Section 2. Coordination

Article 61. Request to open group coordination proceedings Article 62. Priority rule Article 63. Notice by the court seised

Article 64. Objections by insolvency practitioners Article 65. Consequences of objection to the inclusion in group coordination Article 66. Choice of court for group coordination proceedings

Article 67. Consequences of objections to the proposed coordinator Article 68. Decision to open group coordination proceedings.

Article 69. Subsequent opt-in by insolvency practitioners Article 70. Recommendations and group coordination plan

Article 71. The coordinator

Article 73. Languages Article 74. Cooperation between insolvency practitioners and the coordinator Article 75. Revocation of the appointment of the coordinator Article 76. Debtor in possession Article 77. Costs and distribution

Chapter VI Data Protection Article 78. Data protection

Article 79. Responsibilities of Member States regarding the processing of personal data in national insolvency registers

Article 80. Responsibilities of the Commission in connection with the processing of personal data

Article 81. Information obligations

Article 82. Storage of personal data Article 83. Access to personal data via the European e-Justice Portal

Chapter VII Transitional and Final Provisions Article 84. Applicability in time Article 85. Relationship to Conventions Article 86. Information on national and Union insolvency law Article 87. Establishment of the interconnection of registers

Article 88. Establishment and subsequent amendment of standard forms Article 89. Committee procedure Article 90. Review clause Article 91. Repeal Article 92. Entry into force.

Notes:

Compliant with Level AA of the Web Content Accessibility Guidelines. Content is displayed as HTML full text which can easily be resized or read with assistive technology, with mark-up that allows screen readers and keyboard-only users to navigate easily.

Includes bibliographical references and index.

OCLC:

1102730570