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Vol 21 No 11 Nov/Dec 2016

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European Insolvency Law: The Heidelberg-Luxembourg-Vienna Report

Edited by: Burkhard Hess, Paul Oberhammer, Thomas Pfeiffer

ISBN13: 9781849466028
Published: February 2014
Publisher: Hart Publishing
Country of Publication: UK
Format: Hardback
Price: £140.00



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Regulation No 1346/2000 of 29 May 2000 (EIR) is the cornerstone of European insolvency law. The Regulation which is directly applicable in all Member States is the legal basis for cross-border insolvencies within the European Union.

Paving the way for a new European insolvency law, the Heidelberg/Luxembourg/Vienna Report carries out a comprehensive legal and empirical evaluation of European insolvency law practice in the Member States. Based on thorough analyzes the general reporters evaluate the Regulation and provide recommendations for its current revision.

Subjects:
Insolvency Law
Contents:
1. Introduction
1.1 Methodology, Scope and Aim of the Study
1.2 Outline of the Study
2. Executive Summary
2.1 General Assessment
2.2 The Scope of the Regulation 2
.3 Pre-insolvency and Hybrid Proceedings not Listed in the Annex A of the EIR
2.4 Article 3 EIR
2.5 Insolvency-related Actions (Article 3 a EIR)
2.6 Groups of Companies
2.7 Applicable Law
2.8 Coordination of Proceedings
2.9 Lodgement of Claims - Main Findings
3. Scope of the Regulation
3.1 Underlying Policies
3.2 Main Issues
3.3 National Legislation and Case-Law
3.4 Policy Options
3.5 Recommendations
4. Jurisdiction
4.1 Article 3 EIR: Definition and Determination of the Centre of Main Interests
4.2 Annex Proceedings
5. Groups of Companies
5.1 The Problem
5.2 Ways to Improve Coordination
6. Applicable Law
6.1 Article 4 EIR: Applicability of the Law of the State of the Opening of the Proceedings (Thomas Pfeiffer)
6.2 Article 5 EIR: Third Parties' rights in rem (Andreas Piekenbrock)
6.3 Article 6 EIR: Set-off (Andreas Piekenbrock)
6.4 Article 7 EIR: Reservation of Title (Andreas Piekenbrock)
6.5 Article 8 EIR: Contracts Relating to Immoveable Property (Andreas Piekenbrock)
6.6 Article 9 EIR: Payment Systems and Financial Markets (Thomas Pfeiffer)
6.7 Article 10 EIR: Employment Contracts (Thomas Pfeiffer)
6.8 Article 11 EIR: Effects on Rights Subject to Registration (Andreas Piekenbrock)
6.9 Article 12 EIR: Community Patents and Trade Marks (Robert Magnus)
6.10 Article 13 EIR: Avoidance, Avoidability and Voidness (Thomas Pfeiffer)
6.11 Article 14 EIR: Protection of Third-party Purchasers (Andreas Piekenbrock)
6.12 Article 15 EIR: Effect of the Insolvency Proceedings on Individual Proceedings in Other Member States (Thomas Pfeiffer)
7. Coordination of Proceedings
7.1 General
7.2 Tools
7.3 Coordination of Main and Secondary Proceedings
8. Information for Creditors and Lodging of Claims
8.1 Introduction
8.2 Regulatory Framework and Underlying Policies
8.3 Main Issues
8.4 Conclusion and Policy Options
9. The Recognition of Decisions on Insolvency Proceedings under the European Insolvency Regulation
9.1 Automatic Recognition of Decisions Opening Insolvency Proceedings (Article 16)
9.2 The Public Policy Exception (Article 26 EIR)