The EU Insolvency Regulation1 governs, between member states of the European Union (except Denmark)2, matters of jurisdiction in relation to opening cross-border insolvency proceedings and judgments arising therefrom, and the recognition and enforcement of such judgments3. It also harmonises, to the extent that it applies, the law applicable to insolvency proceedings in member states4, replacing (within its scope) the national rules of private international law. However, it does not provide uniform rules for the grounds on which insolvency proceedings may be opened in the individual member states; nor does it seek to harmonise or affect national insolvency rules and
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