Re-cast EU Insolvency Regulation comes into force

23 Jun 2017 03:57 PM

Procedural rules facilitating the operation of the Regulation have been laid in Parliament.

The Insolvency Amendment (EU 2015/848) Regulations 2017 come into force on 26 June 2017 and facilitate the functioning and operation of the EU Insolvency Regulation in the UK.

The re-cast EU Regulation introduces changes to the existing rules on jurisdiction, cooperation, and the recognition and enforcement of insolvency proceedings across the EU.