London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

European Insolvency Regulation Annexes

Listing in its Annexes the insolvency procedures to which the European Insolvency Regulation applies should assist in bringing certainty to the application and use of the Regulation. But can we really be certain?

Take the Sauvegarde Financière Accélérée in France, which is not listed in any annexe at the time of writing. It is a separate procedure from Sauvegarde (which is listed). Moreover, Sauvegarde is not an insolvency procedure in France, but is recognised there as a pre-insolvency mechanism. Does it therefore constitute a collective insolvency proceeding (because if not, it may not trigger application of the Regulation despite being listed in the Annexes). 

 

 

Date: 3rd June, 2011
Author: Chris Laughton

SHARE THIS

Articles from this Author

Contact a Partner

Tweet

Michael Lapham shortlisted in the Money Management Financial Planner Awards 2017 bit.ly/2fL8VXBtwitter.com/i/web/status/8…

#Farming trading as a #partnership potential #tax pitfalls and tips @mercerhole Phil Fenn insight shar.es/1SHZhc @accountancylive

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn