The New EU Regulation on Insolvency Proceedings
prof. em. B. Wessels1Artikel kopen € 79,00 excl. BTW
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On 26 June 2017 the EU Insolvency Regulation (recast) has entered into force.2 The original Insolvency Regulation (EC) No 1346/2000 (‘EIR 2000’), in legal force since May 2002, has been been repealed on the same day as the entry into force of the EU Insolvency Regulation (recast) (‘EIR 2015’). The legislative process for the renewal of the regulation started on the basis of Article 46 EIR 2000, that obliges the European Commission to present to the European Parliament, the Council and the Economic and Social Committee ‘… a report on the application of this Regulation’. This report is commonly referred to as the Heidelberg-Luxembourg-Vienna Report, a title which reflects to involved (professors of the) universities as principle drafters.3 Article 46 EIR 2000 furthermore requires that the report ‘… shall be accompanied if need be by a proposal for adaptation of this Regulation.’ The European Commission’s proposal of 12 December 20124 is based on said report, on discussions an...
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