CERIL Statement 2018-1 on Realisation of the EU Insolvency Regulation (EIR 2015) in national (procedural) law of the Member States
European insolvency think tank (CERIL) highlights inconsistent EU Insolvency Regulation implementation across Europe and calls for improving cross-border insolvency legislation and better coordination
National insolvency laws in Europe typically contain rules on avoidance actions. Some of them are designed to provide sanctions against fraudulent behaviour or transactions at an undervalue, whereas others aim to enforce the principle of equal treatment of creditors by enabling the insolvency practitioner to challenge preferential treatment given to a creditor in a given period prior to the application for, or opening of, insolvency proceedings. The project aims at collecting information on transactions avoidance rules from various jurisdictions and examine them regarding their underlying policies and principles.
Click here to go to Projects to read more about the project on Transactions Avoidance laws and the Report on Transactions Avoidance laws (CERIL Report 2017-1).