Restructuring and insolvency

This subtopic contains the following guidance on EU level rules relating to restructuring and insolvency:

Recast Regulation on Insolvency

•
Practice Note: Recast Regulation on Insolvency as between Member States—main, secondary and territorial proceedings considers the scope of the Recast Regulation on Insolvency between Member States of the EU, main proceedings, secondary proceedings and territorial proceedings, primacy of main proceedings over secondary proceedings, powers of IPs (officeholders) in main proceedings over secondary proceedings, synthetic secondaries, communication between officeholders and courts, information available from the INSOL Europe: European Insolvency Regulation Case Register, Companies House—ECLAIR and the new European database
•
Practice Note: Recast Regulation on Insolvency (Member State to Member State)—table of differences between main and secondary proceedings summarises the differences between main and secondary proceedings under the Recast Regulation on Insolvency as it operates between Member States
•
Practice Note: Recast Regulation on Insolvency (Member State to Member State)—effect of cross-border recognition looks at the effect of cross-border recognition under Regulation (EU) 2015/848 (the EU Recast Regulation on Insolvency) between Member States. It looks at the rationale for recognition and potential challenges
•
Practice Note: Recast Regulation

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

TAKE A FREE TRIAL

Latest EU Law News

Commission releases 8th nuclear illustrative programme under Euratom Treaty

The European Commission has published its eighth Programme Illustrative Nucleaire (PINC) under Article 40 of the Euratom Treaty, assessing €241bn in nuclear investment needs through 2050. The programme outlines regulatory priorities including enhanced nuclear safety standards, waste management protocols, and measures to accelerate licensing through regulatory cooperation. The Commission will finalise the PINC following an Opinion from the European Economic and Social Committee (EESC), with discussion scheduled at the Energy Council on 16 June 2025 in Luxembourg. The assessment aligns with EU decarbonisation targets, the REPowerEU Plan and Clean Industrial Deal objectives.

Council and European Parliament provisionally agree on EU-wide chemical data platform

The Council of the EU and the European Parliament have reached a provisional agreement on the One Substance One Assessment (OSOA) legislative package, aimed at improving the coordination and efficiency of chemical assessments across EU law. The agreement includes a directive and two regulations to reallocate technical tasks, promote inter-agency cooperation, and establish a common data platform on chemicals, hosted by the European Chemicals Agency (ECHA). The platform will consolidate data from around 70 pieces of EU legislation and enable early detection and regulatory response to chemical risks.

EU outlines three-year implementation timeline for EU AI Act

The European Union's Artificial Intelligence (AI) Act, published in July 2024, will take at least three years to fully implement. The Act establishes a regulatory framework that categorises AI systems according to their risk levels and general-purpose AI (GPAI) models based on their capabilities. Additional regulatory instruments, including guidelines, standards and codes, are expected to complement the Act's implementation. The full regulatory framework is anticipated to be operational by mid-2027.

European Commission pushes on with AI models Code of Practice despite possible law delay

MLex: The European Commission is pressing ahead with finalising a Code of Practice for general-purpose AI (GPAI) model developers, intended as a key compliance tool for the likes of OpenAI, Anthropic and Microsoft, for application in August 2025, even though discussions on pausing the EU AI Act that underpins it are now formally on the table. The Code, GPAI guidelines, the template to disclose training datasets and related guidelines are expected by the first week of July 2025. Leading AI companies are being engaged to secure their support for the Code, though they are still in the dark on the critical copyright-related parts.