Allocating jurisdiction in cross-border insolvency cases
Produced in partnership with Skadden Arps Slate Meagher & Flom (UK) LLP
Allocating jurisdiction in cross-border insolvency cases

The following Restructuring & Insolvency guidance note Produced in partnership with Skadden Arps Slate Meagher & Flom (UK) LLP provides comprehensive and up to date legal information covering:

  • Allocating jurisdiction in cross-border insolvency cases
  • Brexit impact
  • In the EU—the Recast Regulation on Insolvency
  • Credit institutions in the EEA
  • Insurers in the EEA

Brexit impact

This Practice Note is impacted by the decision of the UK on 23 June 2016 to leave the European Union. For further details of the impact on the Recast Regulation on Insolvency, see Practice Note: Brexit—impact on Recast Regulation on Insolvency.

For the impact on credit institutions under the Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendment) (EU Exit) Regulations 2019, SI 2019/38, see Practice Note: Brexit—exploring the draft Credit Institutions and Insurance Undertakings Regulations 2018.

For the impact on insurers under the Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendment) (EU Exit) Regulations 2019, SI 2019/38 , see Practice Note: Brexit—exploring the draft Credit Institutions and Insurance Undertakings Regulations 2018

We will continue to monitor developments in this respect and throughout the negotiation period and beyond. In the meantime, for further reading on the impact of Brexit and related issues facing lawyers in this area, see Practice Note: Brexit—worst case scenarios for R&I lawyers.

For updates and details of other Brexit related developments and legislation, see Practice Note: Brexit SI tracker for R&I practitioners. For access to related documents and further reading on Brexit, see: Brexit toolkit.

In the EU—the Recast Regulation on Insolvency

The Recast Regulation on Insolvency, Regulation (EU) 848/2015 (Recast Regulation on Insolvency) (and its predecessor, the EC Regulation on