Regulation (EU) 2015/848 on insolvency proceedings (Recast Insolvency Regulation)

Overview

The Recast Insolvency Regulation governs cross-border insolvency proceedings within the EU (excluding Denmark). It establishes rules for jurisdiction (based on the debtor’s center of main interests or COMI), recognition of insolvency proceedings across Member States, applicable law (lex fori concursus), and coordination of group insolvency proceedings. The regulation introduces rules for secondary proceedings, the duty of cooperation between insolvency practitioners, and public registration of insolvency information. Regulation (EU) 2015/848 applies from 26 June 2017.

This eu regulation (32015R0848) is part of the EU’s legal framework governing insolvency. EU insolvency regulation governs cross-border insolvency proceedings, establishing rules for jurisdiction, recognition, and applicable law in insolvency cases with international elements.

Type: EU Regulation

CELEX Number: 32015R0848

Date of Effect: See the official publication in the Official Journal of the European Union.

Key Provisions

Regulation (EU) 2015/848 on insolvency proceedings (Recast Insolvency Regulation) establishes the core legal framework in this field. For specific provisions, articles, and implementing measures, consult the full text on EUR-Lex.

Significance

This legislation represents a key component of EU law in the area of insolvency. It reflects the EU’s approach to harmonization and regulatory policy within the internal market framework.