European Insolvency Regulation
A Commentary
Herausgeber: Brinkmann, Moritz
European Insolvency Regulation
A Commentary
Herausgeber: Brinkmann, Moritz
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The new European Insolvency Regulation (Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings) has come into effect on 26 June 2017 for insolvency proceedings that are opened on or after that date. The Recast Regulation reforms the EC Regulation (1346/2000) on insolvency proceedings. The main changes of the Regulation are: The extension of its application to preventive insolvency proceedings; The creation of publicly accessible online insolvency registers; The possibility of avoiding the opening of multiple proceedings and preventing…mehr
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The new European Insolvency Regulation (Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings) has come into effect on 26 June 2017 for insolvency proceedings that are opened on or after that date. The Recast Regulation reforms the EC Regulation (1346/2000) on insolvency proceedings. The main changes of the Regulation are: The extension of its application to preventive insolvency proceedings; The creation of publicly accessible online insolvency registers; The possibility of avoiding the opening of multiple proceedings and preventing 'forum shopping'; The introduction of new procedures with the aim of facilitating cross-border coordination and cooperation between multiple insolvency proceedings in different Member States relating to members of the same group of companies. In this book a team of experienced insolvency law experts, among them judges, insolvency practitioners and academics, analyse the European Insolvency Regulation article by article. The authors focus on the new provisions and mechanisms as well as on the existing, and to a great extent still relevant, case law by the European Court of Justice and courts of the Member States.
Produktdetails
- Produktdetails
- Verlag: Bloomsbury Academic
- Seitenzahl: 608
- Erscheinungstermin: 28. November 2019
- Englisch
- Abmessung: 243mm x 165mm x 37mm
- Gewicht: 1048g
- ISBN-13: 9781509924110
- ISBN-10: 1509924116
- Artikelnr.: 53508994
- Verlag: Bloomsbury Academic
- Seitenzahl: 608
- Erscheinungstermin: 28. November 2019
- Englisch
- Abmessung: 243mm x 165mm x 37mm
- Gewicht: 1048g
- ISBN-13: 9781509924110
- ISBN-10: 1509924116
- Artikelnr.: 53508994
Moritz Brinkmann is Professor for Insolvency Law at the University of Bonn, Germany.
Introduction Regulation (EU) 2015/848 of the European Parliament and of the
Council - Recitals Chapter I General Provisions Article 1. Scope Article 2.
Definitions Article 3. International jurisdiction Article 4. Examination as
to jurisdiction Article 5. Judicial review of the decision to open main
insolvency proceedings Article 6. Jurisdiction for actions deriving
directly from insolvency proceedings and closely linked with them Article
7. Applicable law Article 8. Third parties' rights in rem5 Article 9.
Set-off Article 10. Reservation of title Article 11. Contracts relating to
immoveable property Article 12. Payment systems and financial markets
Article 13. Contracts of employment Article 14. Effects on rights subject
to registration Article 15. European patents with unitary effect and
Community trade marks Article 16. Detrimental acts Article 17. Protection
of third-party purchasers Article 18. Effects of insolvency proceedings on
pending lawsuits or arbitral proceedings Chapter II Recognition of
Insolvency Proceedings Article 19. Principle Article 20. Effects of
recognition Article 21. Powers of the insolvency practitioner Article 22.
Proof of the insolvency practitioner's appointment Article 23. Return and
imputation Article 24. Establishment of insolvency registers Article 25.
Interconnection of insolvency registers Article 26. Costs of establishing
and interconnecting insolvency registers Article 27. Conditions of access
to information via the system of interconnection Article 28. Publication in
another Member State Article 29. Registration in public registers of
another Member State Article 30. Costs Article 31. Honouring of an
obligation to a debtor Article 32. Recognition and enforceability of other
judgments Article 33. Public policy Chapter III Secondary Insolvency
Proceedings Article 34. Opening of proceedings Article 35. Applicable law
Article 36. Right to give an undertaking in order to avoid secondary
insolvency proceedings Article 37. Right to request the opening of
secondary insolvency proceedings Article 38. Decision to open secondary
insolvency proceedings Article 39. Judicial review of the decision to open
secondary insolvency proceeding Article 40. Advance payment of costs and
expenses Article 41. Cooperation and communication between insolvency
practitioners Article 42. Cooperation and communication between courts
Article 43. Cooperation and communication between insolvency practitioners
and courts Article 44. Costs of cooperation and communication Article 45.
Exercise of creditors' rights Article 46. Stay of the process of
realisation of assets Article 47. Power of the insolvency practitioner to
propose restructuring plans Article 48. Impact of closure of insolvency
proceedings Article 49. Assets remaining in the secondary insolvency
proceedings Article 50. Subsequent opening of the main insolvency
proceedings Article 51. Conversion of secondary insolvency proceedings
Article 52. Preservation measures Chapter IV Provision of Information for
Creditors and Lodgement of their Claims Article 53. Right to lodge claims
Article 54. Duty to inform creditors Article 55. Procedure for lodging
claims Chapter V Insolvency Proceedings of Members of a Group of Companies
Section 1. Cooperation and communication Article 56. Cooperation and
communication between insolvency practitioners Article 57. Cooperation and
communication between courts Article 58. Cooperation and communication
between insolvency practitioners and courts Article 59. Costs of
cooperation and communication in proceedings concerning members of a group
of companies Article 60. Powers of the insolvency practitioner in
proceedings concerning members of a group of companies Section 2.
Coordination Article 61. Request to open group coordination proceedings
Article 62. Priority rule Article 63. Notice by the court seised Article
64. Objections by insolvency practitioners Article 65. Consequences of
objection to the inclusion in group coordination Article 66. Choice of
court for group coordination proceedings Article 67. Consequences of
objections to the proposed coordinator Article 68. Decision to open group
coordination proceedings Article 69. Subsequent opt-in by insolvency
practitioners Article 70. Recommendations and group coordination plan
Article 71. The coordinator Article 73. Languages Article 74. Cooperation
between insolvency practitioners and the coordinator Article 75. Revocation
of the appointment of the coordinator Article 76. Debtor in possession
Article 77. Costs and distribution Chapter VI Data Protection Article 78.
Data protection Article 79. Responsibilities of Member States regarding the
processing of personal data in national insolvency registers Article 80.
Responsibilities of the Commission in connection with the processing of
personal data Article 81. Information obligations Article 82. Storage of
personal data Article 83. Access to personal data via the European
e-Justice Portal Chapter VII Transitional and Final Provisions Article 84.
Applicability in time Article 85. Relationship to Conventions Article 86.
Information on national and Union insolvency law Article 87. Establishment
of the interconnection of registers Article 88. Establishment and
subsequent amendment of standard forms Article 89. Committee procedure
Article 90. Review clause Article 91. Repeal Article 92. Entry into force
Council - Recitals Chapter I General Provisions Article 1. Scope Article 2.
Definitions Article 3. International jurisdiction Article 4. Examination as
to jurisdiction Article 5. Judicial review of the decision to open main
insolvency proceedings Article 6. Jurisdiction for actions deriving
directly from insolvency proceedings and closely linked with them Article
7. Applicable law Article 8. Third parties' rights in rem5 Article 9.
Set-off Article 10. Reservation of title Article 11. Contracts relating to
immoveable property Article 12. Payment systems and financial markets
Article 13. Contracts of employment Article 14. Effects on rights subject
to registration Article 15. European patents with unitary effect and
Community trade marks Article 16. Detrimental acts Article 17. Protection
of third-party purchasers Article 18. Effects of insolvency proceedings on
pending lawsuits or arbitral proceedings Chapter II Recognition of
Insolvency Proceedings Article 19. Principle Article 20. Effects of
recognition Article 21. Powers of the insolvency practitioner Article 22.
Proof of the insolvency practitioner's appointment Article 23. Return and
imputation Article 24. Establishment of insolvency registers Article 25.
Interconnection of insolvency registers Article 26. Costs of establishing
and interconnecting insolvency registers Article 27. Conditions of access
to information via the system of interconnection Article 28. Publication in
another Member State Article 29. Registration in public registers of
another Member State Article 30. Costs Article 31. Honouring of an
obligation to a debtor Article 32. Recognition and enforceability of other
judgments Article 33. Public policy Chapter III Secondary Insolvency
Proceedings Article 34. Opening of proceedings Article 35. Applicable law
Article 36. Right to give an undertaking in order to avoid secondary
insolvency proceedings Article 37. Right to request the opening of
secondary insolvency proceedings Article 38. Decision to open secondary
insolvency proceedings Article 39. Judicial review of the decision to open
secondary insolvency proceeding Article 40. Advance payment of costs and
expenses Article 41. Cooperation and communication between insolvency
practitioners Article 42. Cooperation and communication between courts
Article 43. Cooperation and communication between insolvency practitioners
and courts Article 44. Costs of cooperation and communication Article 45.
Exercise of creditors' rights Article 46. Stay of the process of
realisation of assets Article 47. Power of the insolvency practitioner to
propose restructuring plans Article 48. Impact of closure of insolvency
proceedings Article 49. Assets remaining in the secondary insolvency
proceedings Article 50. Subsequent opening of the main insolvency
proceedings Article 51. Conversion of secondary insolvency proceedings
Article 52. Preservation measures Chapter IV Provision of Information for
Creditors and Lodgement of their Claims Article 53. Right to lodge claims
Article 54. Duty to inform creditors Article 55. Procedure for lodging
claims Chapter V Insolvency Proceedings of Members of a Group of Companies
Section 1. Cooperation and communication Article 56. Cooperation and
communication between insolvency practitioners Article 57. Cooperation and
communication between courts Article 58. Cooperation and communication
between insolvency practitioners and courts Article 59. Costs of
cooperation and communication in proceedings concerning members of a group
of companies Article 60. Powers of the insolvency practitioner in
proceedings concerning members of a group of companies Section 2.
Coordination Article 61. Request to open group coordination proceedings
Article 62. Priority rule Article 63. Notice by the court seised Article
64. Objections by insolvency practitioners Article 65. Consequences of
objection to the inclusion in group coordination Article 66. Choice of
court for group coordination proceedings Article 67. Consequences of
objections to the proposed coordinator Article 68. Decision to open group
coordination proceedings Article 69. Subsequent opt-in by insolvency
practitioners Article 70. Recommendations and group coordination plan
Article 71. The coordinator Article 73. Languages Article 74. Cooperation
between insolvency practitioners and the coordinator Article 75. Revocation
of the appointment of the coordinator Article 76. Debtor in possession
Article 77. Costs and distribution Chapter VI Data Protection Article 78.
Data protection Article 79. Responsibilities of Member States regarding the
processing of personal data in national insolvency registers Article 80.
Responsibilities of the Commission in connection with the processing of
personal data Article 81. Information obligations Article 82. Storage of
personal data Article 83. Access to personal data via the European
e-Justice Portal Chapter VII Transitional and Final Provisions Article 84.
Applicability in time Article 85. Relationship to Conventions Article 86.
Information on national and Union insolvency law Article 87. Establishment
of the interconnection of registers Article 88. Establishment and
subsequent amendment of standard forms Article 89. Committee procedure
Article 90. Review clause Article 91. Repeal Article 92. Entry into force
Introduction Regulation (EU) 2015/848 of the European Parliament and of the
Council - Recitals Chapter I General Provisions Article 1. Scope Article 2.
Definitions Article 3. International jurisdiction Article 4. Examination as
to jurisdiction Article 5. Judicial review of the decision to open main
insolvency proceedings Article 6. Jurisdiction for actions deriving
directly from insolvency proceedings and closely linked with them Article
7. Applicable law Article 8. Third parties' rights in rem5 Article 9.
Set-off Article 10. Reservation of title Article 11. Contracts relating to
immoveable property Article 12. Payment systems and financial markets
Article 13. Contracts of employment Article 14. Effects on rights subject
to registration Article 15. European patents with unitary effect and
Community trade marks Article 16. Detrimental acts Article 17. Protection
of third-party purchasers Article 18. Effects of insolvency proceedings on
pending lawsuits or arbitral proceedings Chapter II Recognition of
Insolvency Proceedings Article 19. Principle Article 20. Effects of
recognition Article 21. Powers of the insolvency practitioner Article 22.
Proof of the insolvency practitioner's appointment Article 23. Return and
imputation Article 24. Establishment of insolvency registers Article 25.
Interconnection of insolvency registers Article 26. Costs of establishing
and interconnecting insolvency registers Article 27. Conditions of access
to information via the system of interconnection Article 28. Publication in
another Member State Article 29. Registration in public registers of
another Member State Article 30. Costs Article 31. Honouring of an
obligation to a debtor Article 32. Recognition and enforceability of other
judgments Article 33. Public policy Chapter III Secondary Insolvency
Proceedings Article 34. Opening of proceedings Article 35. Applicable law
Article 36. Right to give an undertaking in order to avoid secondary
insolvency proceedings Article 37. Right to request the opening of
secondary insolvency proceedings Article 38. Decision to open secondary
insolvency proceedings Article 39. Judicial review of the decision to open
secondary insolvency proceeding Article 40. Advance payment of costs and
expenses Article 41. Cooperation and communication between insolvency
practitioners Article 42. Cooperation and communication between courts
Article 43. Cooperation and communication between insolvency practitioners
and courts Article 44. Costs of cooperation and communication Article 45.
Exercise of creditors' rights Article 46. Stay of the process of
realisation of assets Article 47. Power of the insolvency practitioner to
propose restructuring plans Article 48. Impact of closure of insolvency
proceedings Article 49. Assets remaining in the secondary insolvency
proceedings Article 50. Subsequent opening of the main insolvency
proceedings Article 51. Conversion of secondary insolvency proceedings
Article 52. Preservation measures Chapter IV Provision of Information for
Creditors and Lodgement of their Claims Article 53. Right to lodge claims
Article 54. Duty to inform creditors Article 55. Procedure for lodging
claims Chapter V Insolvency Proceedings of Members of a Group of Companies
Section 1. Cooperation and communication Article 56. Cooperation and
communication between insolvency practitioners Article 57. Cooperation and
communication between courts Article 58. Cooperation and communication
between insolvency practitioners and courts Article 59. Costs of
cooperation and communication in proceedings concerning members of a group
of companies Article 60. Powers of the insolvency practitioner in
proceedings concerning members of a group of companies Section 2.
Coordination Article 61. Request to open group coordination proceedings
Article 62. Priority rule Article 63. Notice by the court seised Article
64. Objections by insolvency practitioners Article 65. Consequences of
objection to the inclusion in group coordination Article 66. Choice of
court for group coordination proceedings Article 67. Consequences of
objections to the proposed coordinator Article 68. Decision to open group
coordination proceedings Article 69. Subsequent opt-in by insolvency
practitioners Article 70. Recommendations and group coordination plan
Article 71. The coordinator Article 73. Languages Article 74. Cooperation
between insolvency practitioners and the coordinator Article 75. Revocation
of the appointment of the coordinator Article 76. Debtor in possession
Article 77. Costs and distribution Chapter VI Data Protection Article 78.
Data protection Article 79. Responsibilities of Member States regarding the
processing of personal data in national insolvency registers Article 80.
Responsibilities of the Commission in connection with the processing of
personal data Article 81. Information obligations Article 82. Storage of
personal data Article 83. Access to personal data via the European
e-Justice Portal Chapter VII Transitional and Final Provisions Article 84.
Applicability in time Article 85. Relationship to Conventions Article 86.
Information on national and Union insolvency law Article 87. Establishment
of the interconnection of registers Article 88. Establishment and
subsequent amendment of standard forms Article 89. Committee procedure
Article 90. Review clause Article 91. Repeal Article 92. Entry into force
Council - Recitals Chapter I General Provisions Article 1. Scope Article 2.
Definitions Article 3. International jurisdiction Article 4. Examination as
to jurisdiction Article 5. Judicial review of the decision to open main
insolvency proceedings Article 6. Jurisdiction for actions deriving
directly from insolvency proceedings and closely linked with them Article
7. Applicable law Article 8. Third parties' rights in rem5 Article 9.
Set-off Article 10. Reservation of title Article 11. Contracts relating to
immoveable property Article 12. Payment systems and financial markets
Article 13. Contracts of employment Article 14. Effects on rights subject
to registration Article 15. European patents with unitary effect and
Community trade marks Article 16. Detrimental acts Article 17. Protection
of third-party purchasers Article 18. Effects of insolvency proceedings on
pending lawsuits or arbitral proceedings Chapter II Recognition of
Insolvency Proceedings Article 19. Principle Article 20. Effects of
recognition Article 21. Powers of the insolvency practitioner Article 22.
Proof of the insolvency practitioner's appointment Article 23. Return and
imputation Article 24. Establishment of insolvency registers Article 25.
Interconnection of insolvency registers Article 26. Costs of establishing
and interconnecting insolvency registers Article 27. Conditions of access
to information via the system of interconnection Article 28. Publication in
another Member State Article 29. Registration in public registers of
another Member State Article 30. Costs Article 31. Honouring of an
obligation to a debtor Article 32. Recognition and enforceability of other
judgments Article 33. Public policy Chapter III Secondary Insolvency
Proceedings Article 34. Opening of proceedings Article 35. Applicable law
Article 36. Right to give an undertaking in order to avoid secondary
insolvency proceedings Article 37. Right to request the opening of
secondary insolvency proceedings Article 38. Decision to open secondary
insolvency proceedings Article 39. Judicial review of the decision to open
secondary insolvency proceeding Article 40. Advance payment of costs and
expenses Article 41. Cooperation and communication between insolvency
practitioners Article 42. Cooperation and communication between courts
Article 43. Cooperation and communication between insolvency practitioners
and courts Article 44. Costs of cooperation and communication Article 45.
Exercise of creditors' rights Article 46. Stay of the process of
realisation of assets Article 47. Power of the insolvency practitioner to
propose restructuring plans Article 48. Impact of closure of insolvency
proceedings Article 49. Assets remaining in the secondary insolvency
proceedings Article 50. Subsequent opening of the main insolvency
proceedings Article 51. Conversion of secondary insolvency proceedings
Article 52. Preservation measures Chapter IV Provision of Information for
Creditors and Lodgement of their Claims Article 53. Right to lodge claims
Article 54. Duty to inform creditors Article 55. Procedure for lodging
claims Chapter V Insolvency Proceedings of Members of a Group of Companies
Section 1. Cooperation and communication Article 56. Cooperation and
communication between insolvency practitioners Article 57. Cooperation and
communication between courts Article 58. Cooperation and communication
between insolvency practitioners and courts Article 59. Costs of
cooperation and communication in proceedings concerning members of a group
of companies Article 60. Powers of the insolvency practitioner in
proceedings concerning members of a group of companies Section 2.
Coordination Article 61. Request to open group coordination proceedings
Article 62. Priority rule Article 63. Notice by the court seised Article
64. Objections by insolvency practitioners Article 65. Consequences of
objection to the inclusion in group coordination Article 66. Choice of
court for group coordination proceedings Article 67. Consequences of
objections to the proposed coordinator Article 68. Decision to open group
coordination proceedings Article 69. Subsequent opt-in by insolvency
practitioners Article 70. Recommendations and group coordination plan
Article 71. The coordinator Article 73. Languages Article 74. Cooperation
between insolvency practitioners and the coordinator Article 75. Revocation
of the appointment of the coordinator Article 76. Debtor in possession
Article 77. Costs and distribution Chapter VI Data Protection Article 78.
Data protection Article 79. Responsibilities of Member States regarding the
processing of personal data in national insolvency registers Article 80.
Responsibilities of the Commission in connection with the processing of
personal data Article 81. Information obligations Article 82. Storage of
personal data Article 83. Access to personal data via the European
e-Justice Portal Chapter VII Transitional and Final Provisions Article 84.
Applicability in time Article 85. Relationship to Conventions Article 86.
Information on national and Union insolvency law Article 87. Establishment
of the interconnection of registers Article 88. Establishment and
subsequent amendment of standard forms Article 89. Committee procedure
Article 90. Review clause Article 91. Repeal Article 92. Entry into force