CERIL

Introduction

This Working Party examines confidentiality, secrecy, and privilege issues in insolvency proceedings for corporates and banks. It attempts to fill the gap in legislation; address the lack of clear definitions and incomplete laws, including parties’ conduct regarding providing or withholding information, and analyse cases with regard to the application of these themes in corporate insolvency and bank resolution proceedings.

Chairs

Prof. Bob Wessels
Prof. Ignacio Tirado

Current Projects

• Confidentiality, Secrecy and Privilege in EU Preventive Restructuring Directive (2019/1023)
  Reporters: Prof. Ignacio Tirado and Prof. Bob Wessels
  Research Associate: Dr. Shuai Guo

Completed Projects

• Confidentiality, Secrecy and Privilege: The Position of the Insolvent Debtor

  In this Statement and Report, CERIL identifies that information plays a key role in the corporate insolvency process and preventive restructurings. With the EU Restructuring Directive (2019/1023) being silent on confidentiality, secrecy and privilege of information, this is CERIL’s timely first report in a project on reviewing the preferred position of insolvent debtors, insolvency practitioners, and courts and other insolvency authorities. Taking the debtor’s viewpoint, CERIL recognises the significance for a debtor to be able to keep certain information confidential, while identifying the need to impose a duty of disclosure on debtor

  
  Reporters: Prof. em. Bob Wessels and Prof. Ignacio Tirado
  Research Associate: Dr. Shuai Guo
  
  - CERIL Statement 2022-1 on Confidentiality, Secrecy and Privilege – The Position of the Insolvent Debtor
  - CERIL Report 2022-1 on Confidentiality, Secrecy and Privilege – The Position of the Insolvent Debtor
  

Conferees part of