WP 2 Avoidance actions

Introduction

This Working Party deals with transactions avoidance law, i.e. rules which provide for the voidness or voidability of transactions that have been performed prior to the opening of insolvency proceedings, are typically valid under general civil law yet are contrary to certain principles of insolvency law, particularly to the principle of equal treatment of creditors.


Chairs

Prof. Reinhard Bork
Catarina Serra


Current Projects

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Completed Projects

  • Value Extraction Schemes 2019
    The Working Party dealt with value extraction schemes and their combating in the national transaction avoidance laws of 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.

    Reporters: 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 2017
    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 examining them in light of their underlying policies and principles. Reporter(s): Reinhard Bork.

    Reporter: 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

WP 02 Avoidance actions

Michal Barlowski -
Reinhard Bork -
Pavel Boulatov -
Ieva Broka -
Rolef De Weijs -
Miodrag (Miki) Dordevic -
Patryk Filipiak -
Roel Fransis -
Jasnica Garašić -
Francisco Garcimartin -
Rita Gismondi -
Bartosz Groele -
Aurelio Gurrea-Martinez -
Annina H Persson -
Frank Heemann -
Tuomas Hupli -
Ivan Ikrényi -
Marjolaine Jakob -
Line Langkjaer -
Antonio Leandro -
Irene Dr. Lynch Fannon -
Caterina Macchi -
Renato Mangano -
Miguel Martínez Muñoz -
Göran Millqvist -
Grégory M. D. Minne -
Paula Moffatt -
Luciano Panzani -
Tomáš Richter -
Omar Salah -
Ignacio Sancho -
Catarina Serra -
Petr Sprinz -
Joeri Vananroye -
Melissa Vanmeenen -
Michael Veder -
Reinout Vriesendorp -
Oleg Zaitsev -