Recast Regulation on Insolvency 2015/848 is published

After years of speculation, the Recast Regulation has been published in the Official Journal heralding one of the biggest changes in cross-border insolvency in the past ten years.

What will this mean in practice for restructuring and insolvency professionals and their clients? The Restructuring and Insolvency PSL team have put together analysis which includes:

  • When are the reforms effective?
  • What does the Recast Regulation cover?
  • How is centre of main interests (COMI) defined?
  • What changes are made to secondary proceedings?
  • What about the new registers?
  • How are group companies affected?
  • What are group coordination proceedings?
  • What are the new rules on location of assets?
  • What’s the impact on forum shopping?
  • What do the new annexes cover?

Click here to download the PDF in full.

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