WP 2 Avoidance actions

Introduction

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Chair(s):

Prof. Reinhard Bork

Prof. Catarina Serra


Current  Projects

  • Study on the Member States' interventions in transactions avoidance laws as a reaction  to COVID-19.

    Reporter(s): Prof. Reinhard Bork and Prof. Catarina Serra

Past Projects

  • Value Extraction Schemes
    The Working Party dealt with value extraction schemes and their combating in national transactions avoidance laws of the EU Member States. After the opening of insolvency proceedings, Insolvency Practitioners (if necessary by approaching a court) will try to reverse value extraction schemes by recollecting unfair advantages from the shareholders, be it by means of transactions avoidance, be it by means of company or general civil law. The Report Reversal on Value Extraction Schemes covers fourteen European jurisdictions.

    Reporter(s): Prof. Reinhard Bork and Prof. Catarina Serra

    This project resulted in:
    - CERIL Statement 2019-2 on reversal of Value Extraction Schemes
    - CERIL Report 2019-2 on reversal of Value Extraction Schemes

  • European Transaction Avoidance Laws
    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.

    Reporter(s): Reinhard Bork

    The project resulted in:
    - CERIL Statement 2017-1 on Transaction Avoidance Laws
    - CERIL Report 2017-1 on Transaction Avoidance Laws



Conferees part of this Working Party:

WP 02 Avoidance actions

Michal Barlowski -
Reinhard Bork -
Pavel Boulatov -
Rolef De Weijs -
Miodrag (Miki) Dordevic -
Roel Fransis -
Jasnica Garašić -
Francisco Garcimartin -
Aurelio Gurrea-Martinez -
Annina H Persson -
Tuomas Hupli -
Ivan Ikrényi -
Marie KT Karlsson-Tuula -
Antonio Leandro -
Irene Lynch Fannon -
Caterina Macchi -
Renato Mangano -
Miguel Martínez Muñoz -
Göran Millqvist -
Grégory M. D. Minne -
Paula Moffatt -
Tomáš Richter -
Ignacio Sancho -
Catarina Serra -
Joeri Vananroye -
Melissa Vanmeenen -
Michael Veder -
Reinout Vriesendorp -
Oleg Zaitsev -