Parallel Reorganizations under the Recast European Insolvency Regulation - Selected EU Law Issues
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F18%3A10382928" target="_blank" >RIV/00216208:11230/18:10382928 - isvavai.cz</a>
Výsledek na webu
<a href="https://doi.org/10.1002/iir.1314" target="_blank" >https://doi.org/10.1002/iir.1314</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1002/iir.1314" target="_blank" >10.1002/iir.1314</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Parallel Reorganizations under the Recast European Insolvency Regulation - Selected EU Law Issues
Popis výsledku v původním jazyce
The Recast European Insolvency Regulation (EIR) (Regulation 2015/848) repealed the rules in Articles 3(3) and 27 of the original EIR (Regulation 1346/2000) that required that secondary insolvency proceedings take the form of a liquidation (winding-up). As a result, European debtors may now attempt to resolve their cross-border insolvencies via parallel reorganization proceedings conducted both in the Member State of the debtor's centre of main interest and in one or more Member States in which the debtor possesses an establishment. This article aims to take account of the principal rules of the Recast EIR which, in addition to the national laws of the Member States involved, will regulate such attempts. Upon the review of these selected rules, the article concludes that, in principle, the Recast EIR provides EU debtors with a feasible cross-border platform to reorganize in more than one Member State in parallel. However, the article finds that a particular rule central to the system of cross-border insolvency under the EIR, namely, Article 45, which allows the multiple filing of claims in all proceedings conducted in respect of the debtor, has the potential to frustrate attempts at parallel reorganizations. This is particularly so where the cross-filing rule combines with Member State law that is rigid as regards plan approval by creditor classes or minimum payouts to certain classes. Copyright (c) 2018 INSOL International and John Wiley & Sons, Ltd.
Název v anglickém jazyce
Parallel Reorganizations under the Recast European Insolvency Regulation - Selected EU Law Issues
Popis výsledku anglicky
The Recast European Insolvency Regulation (EIR) (Regulation 2015/848) repealed the rules in Articles 3(3) and 27 of the original EIR (Regulation 1346/2000) that required that secondary insolvency proceedings take the form of a liquidation (winding-up). As a result, European debtors may now attempt to resolve their cross-border insolvencies via parallel reorganization proceedings conducted both in the Member State of the debtor's centre of main interest and in one or more Member States in which the debtor possesses an establishment. This article aims to take account of the principal rules of the Recast EIR which, in addition to the national laws of the Member States involved, will regulate such attempts. Upon the review of these selected rules, the article concludes that, in principle, the Recast EIR provides EU debtors with a feasible cross-border platform to reorganize in more than one Member State in parallel. However, the article finds that a particular rule central to the system of cross-border insolvency under the EIR, namely, Article 45, which allows the multiple filing of claims in all proceedings conducted in respect of the debtor, has the potential to frustrate attempts at parallel reorganizations. This is particularly so where the cross-filing rule combines with Member State law that is rigid as regards plan approval by creditor classes or minimum payouts to certain classes. Copyright (c) 2018 INSOL International and John Wiley & Sons, Ltd.
Klasifikace
Druh
J<sub>imp</sub> - Článek v periodiku v databázi Web of Science
CEP obor
—
OECD FORD obor
50201 - Economic Theory
Návaznosti výsledku
Projekt
—
Návaznosti
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Ostatní
Rok uplatnění
2018
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
International Insolvency Review
ISSN
1180-0518
e-ISSN
—
Svazek periodika
27
Číslo periodika v rámci svazku
3
Stát vydavatele periodika
US - Spojené státy americké
Počet stran výsledku
34
Strana od-do
340-373
Kód UT WoS článku
000449777100004
EID výsledku v databázi Scopus
2-s2.0-85056609120