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INSOL Europe/LexisPSL Joint Project on ‘How EU Member States recognise insolvency/restructuring proceedings commenced in third country states’—Estonia

INSOL Europe/LexisPSL Joint Project on ‘How EU Member States recognise insolvency/restructuring proceedings commenced in third country states’—Estonia
Published on: 23 February 2021
Published by: LexisPSL
  • INSOL Europe/LexisPSL Joint Project on ‘How EU Member States recognise insolvency/restructuring proceedings commenced in third country states’—Estonia
  • Q1. Has your country adopted the UNCITRAL Model law on insolvency?
  • Q2. What are your country’s private international law provisions for the recognition of insolvency proceedings commenced in countries outside of the EU Member States (ie third party states like the UK)?
  • § 620. Recognition of court decisions of other foreign states in civil matters
  • § 621. Rule concerning enforcement of court decision of foreign state
  • § 622. Petition for declaring court decision of foreign state enforceable
  • § 623. Order on declaring court decision of foreign state enforceable
  • § 624. Amendment or annulment of court decision declared to be subject to enforcement
  • § 625. Filing of appeal against order
  • § 626. Compensation for damage caused to debtor
  • More...

Article summary

Restructuring and Insolvency analysis: This article looks at how Estonia would recognise insolvency or restructuring proceedings commenced in a third country state. In particular, it considers whether the English Part 26 scheme or Part 26A restructuring plan would be recognised in Estonia. Written by the Estonian country coordinator for INSOL Europe, Signe Viimsalu (Ernst & Young Baltic AS, Estonia). or take a trial to read the full analysis.

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