Regulation (EU) 2015/848 on insolvency proceedings
 Regulation (EU) 2015/848 |
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| Title: | REGULATION (EU) 2015/848 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of May 20, 2015 on insolvency proceedings |
| Basis: | TFEU , in particular Art. 81 |
| Date of issue: | May 20, 2015 |
| Release date: | 5th June 2015 |
| Come into effect: | June 25, 2015 June 26, 2016 June 26, 2017 June 26, 2018 June 26, 2019 |
| To be used from: | January 1, 2016 June 27, 2017 June 27, 2020 June 27, 2022 |
| Replaces: | Regulation (EC) No. 1346/2000 |
| Full text |
Consolidated version (not official) basic version |
| Regulation has entered into force and is applicable. | |
| Please note the information on the current version of legal acts of the European Union ! | |
The Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (EIR 2015) deals with issues of bankruptcy law in cases of cross-border cases with European points of reference. As an EU regulation, the 2015 EuInsVO is directly applicable law in all EU member states and, when it came into force on June 26, 2017, replaced Regulation (EC) No. 1346/2000 on insolvency proceedings , which, however, still applies to old cases.
Essential content
The contents of the EuInsVO 2015 include in particular the following topics:
- International jurisdiction
- Recognition of bankruptcy proceedings and applicable substantive law
- Admissibility of secondary insolvency proceedings
- Regulations on the participation of foreign creditors in insolvency proceedings
- Regulations on corporate and group insolvencies