Cross-border insolvency proceedings UE

The EU has a new regulation on cross-border insolvency proceedings

The new Regulation No. 848 of 20 May 2015 allows you to restructure your debt more easily and recover your receivables.

Recognizes the judgments of the courts of the Member States on cross-border insolvency;

Resolves conflicts of jurisdiction between jurisdictions on national standards to be applied for cross-border credit claims;

Allows judges to evaluate the practice of “shopping forums”

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