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We look at the requirement for Member States to establish national insolvency registers under the Recast Regulation on Insolvency, Regulation (EU) 848/2015 by 26 June 2018.
Although the Recast Regulation on Insolvency, Regulation (EU) 848/2015 entered force on 26 June 2015 and the majority of the provisions were effective from 26 June 2017 onwards (to allow Member States to familiarise themselves with the new provisions), the establishment and interconnection of national registers was carved out as a two-step process:
The following 'mandatory information' must as a minimum be made available (free of charge) in the national insolvency registers established by Member States from 26 June 2018 (see Article 24(2) of Regulation (EU) 848/2015) and covers main, secondary and territorial proceedings opened in that Member State:
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