A look at the recast EC regulation on insolvency proceedings - with particular focus on corporate insolvencies
The overall objective of the recast EIR is to make cross-border insolvency proceedings operate more efficiently and effectively. The EU legislator has identified a number of main issues that need to be addressed in order to achieve this overall objective. One of the main issues identified by the EU legislator is the shift away from the traditional liquidation approach to a ‘economic rescue approac