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EU Insolvency Regulation

The Insolvency Service announced that the UK has opted in to negotiations to amend Counsel Regulation (EC) 1346/2000 commonly known as the EU Insolvency Regulation. The Government considers that opting in will be of general benefit to creditors and businesses in both the UK and the EU. The commission’s proposal is intended to make adjustments to the Regulation after the experience of its practical application over the last ten years.

For further information, contact Nigel Cook, either by telephone on 01306 502294 or by email n.cook@downslaw.co.uk.