Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
Find up-to-date guidance on points of law and then easily pull up sources to support your advice with Lexis PSL
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
One of the second batch of ‘no deal’ technical notes’ published by the government on 13 September 2018 is a guidance note ‘Handling civil legal cases that involve EU countries if there’s no Brexit Deal’. The government has issued its guidance on its stance should the UK leave the EU without agreement (a ‘no deal’ scenario), including that the Recast Regulation on Insolvency, Regulation (EU) 2015/848 would be repealed.
On 13 September 2018, the government issued guidance on its stance should the UK leave the EU without agreement (a ‘no deal’ scenario). While stressing that a no deal scenario remained unlikely, they have issued a series of technical notices setting out information to allow businesses and citizens to understand what they would need to do in a no deal scenario, so they can make informed plans and preparations.
Importantly for R&I lawyers, the guidance says that the majority of the Recast Regulation on Insolvency, Regulation (EU) 2015/848 would be repealed in all parts of the UK. The UK would retain ‘the EU rules that provide for the UK courts to have jurisdiction where a company or individual is based in the UK, and the law will ensure that insolvency proceedings can continue to be opened in those circumstances. But after exit, the Recast Regulation on Insolvency tests would no longer restrict the opening of proceedings, and it would also be possible to open insolvency proceedings under any of the tests set out in our domestic UK law, regardless of whether (or where) the debtor is based elsewhere in Europe.’
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234