Regulation (EU) 2018/946 replacing Annexes A and B to Regulation (EU) 2015/848 on insolvency proceedings

Author (Corporate) ,
Series Title
Series Details L171, 6.7.2018
Publication Date 06/07/2018
Content Type

Summary:

On 9 August 2017 the European Commission published a proposal for a Regulation replacing Annex A to Regulation (EU) 2015/848 on insolvency proceedings, following a notification from Croatia.

The Commission subsequently received further notifications from Bulgaria, Croatia, Latvia and Portugal, making it necessary to replace Annexes A and B of Regulation (EU) 2015/848.

The Parliament and the Council adopted a Regulation replacing both Annexes on 4 July 2018.

Further information:

Annexes A and B to Regulation (EU) 2015/848 list the designations given in the national law of the Member States to the insolvency proceedings and to the insolvency practitioners to which that Regulation applies.

In January 2017, Croatia notified the Commission of recent changes in its domestic insolvency law introducing new types of insolvency proceedings, and requested to change the list set out in Annex A of the Regulation accordingly.

After the Commission had presented its August 2017 proposal regarding Croatia, it received further notifications from Bulgaria, Croatia, Latvia and Portugal relating to recent changes to their domestic law that introduce new types of insolvency proceedings or insolvency practitioners.

Source Link Link to Main Source https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2018.171.01.0001.01.ENG
Related Links
EUR-Lex: COM(2017)422: Proposal for a Regulation replacing Annex A to Regulation (EU) 2015/848 on insolvency proceedings https://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2017:422:FIN

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