Proposal to amend EU Regulation on insolvency proceedings and practitioners

Proposal to amend EU Regulation on insolvency proceedings and practitioners

A report from European Parliament’s Committee on Legal Affairs (ie JURI Committee) assesses a 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. The Commission proposal is of a purely technical nature and contains no substantive change to the Regulation.

Regulation (EU) 2015/848 on insolvency proceedings (recast), entered into force on 26 June 2015. It will apply from 26 June 2017, with the exception of a section relating to the system for interconnection of national insolvency registers, which will apply from 26 June 2019.

The Regulation includes Annexes containing lists of insolvency proceedings and insolvency practitioners relevant to its application:

  • Annex A lists the insolvency proceedings referred to in poin

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About the author:

Stephen qualified as a solicitor in 2005 and joined the Restructuring and Insolvency team at Lexis®PSL in September 2014 from Shoosmiths LLP, where he was a senior associate in the restructuring and insolvency team.

Primarily focused on contentious and advisory corporate and personal insolvency work, Stephen’s experience includes acting for office-holders on a wide range of issues, including appointments, investigations and the recovery and realisation of assets (including antecedent transaction claims), and for creditors in respect of the impact on them of the insolvency of debtors and counterparties.