https://legal.excellentwiki.com/eu/insolvency-law/ Recent content in insolvency and bankruptcy law on ExcellentWiki - Legal Encyclopedia Hugo en-US Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/eu/insolvency-law/eu-insolvency-law/ Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/eu/insolvency-law/eu-insolvency-law/ <h2 id="overview-of-eu-insolvency-law">Overview of EU Insolvency Law</h2> <p>EU insolvency law operates as a <strong>supranational regulatory framework</strong> that coordinates and harmonizes the insolvency regimes of Member States, rather than constituting a single substantive insolvency code. The two principal instruments are the <strong>Recast Insolvency Regulation</strong> — Regulation (EU) 2015/848 (the EIR Recast) — which governs <strong>cross-border insolvency proceedings</strong> within the Union, and <strong>Directive (EU) 2019/1023</strong> on <strong>preventive restructuring frameworks</strong> (the Preventive Restructuring Directive), which mandates minimum substantive standards for pre-insolvency restructuring across Member States. These instruments are supplemented by <strong>Regulation (EU) 2021/2260</strong> (amending the EIR Recast) and various implementing acts concerning insolvency databases and the interconnection of national registers.</p>